A donor conveyed land 'to River Town so long as the property is used for public park purposes.' River Town immediately developed walking trails and playgrounds. What estate did River Town receive?
Correct Answer
B) A fee simple determinable estate
The words 'so long as' create a fee simple determinable because they state that the estate continues only while the stated use continues. If the use stops, the estate ends automatically and the grantor's future interest becomes possessory.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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