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Property OwnershipEstates In LandMEDIUM

Which type of estate can be lost if a specified condition is violated?

Correct Answer

B) Fee simple defeasible, which terminates if a stated condition is breached

A fee simple defeasible is a type of ownership that is subject to a condition. If the specified condition is violated, the estate can automatically revert to the grantor (fee simple determinable) or allow the grantor to reclaim it (fee simple subject to a condition subsequent). This distinguishes it from a fee simple absolute, which carries no such conditions.

Answer Options
A
Fee simple absolute, which has no conditions or restrictions
B
Fee simple defeasible, which terminates if a stated condition is breached
C
Life estate, which is limited to the duration of someone's life
D
Fee tail, which restricts inheritance to direct descendants

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Related Topics & Key Terms

Related Topics:

fee simple absolutefuture interestspossibility of reverterright of re-entryfreehold estates

Key Terms:

fee simple defeasibleconditiondeterminablecondition subsequentreverterdefeasible fee

Related Concepts

A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.

A life estate is a freehold estate that grants ownership rights for the duration of someone's life.

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

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