Which best describes a fee simple defeasible estate?
Correct Answer
B) An estate that may be terminated and returned to the grantor if a specified condition is violated
A fee simple defeasible estate is a type of fee simple ownership that is subject to a condition or limitation. If the specified condition is violated or ceases to be met, the estate may automatically terminate or the grantor may have the right to reclaim the property. For example, a grantor may convey land 'so long as it is used for educational purposes.' This differs from a fee simple absolute, which has no conditions and is the most complete form of ownership.
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