Fee simple defeasible

Fee simple defeasible is a legal term and type of property ownership, where the ownership is dependent on specific conditions. If the conditions of ownership are. The person granting the property.

This term applies to any condition where ownership of the property is dependent on the. A fee simple defeasible is a special condition found in some deeds.

Fee Simple Determinable: A fee. What is fee simple defeasible ? The only exceptions which exist are the basic four government regulations. A defeasible fee simple is a fee simple estate that could be removed for a reason established in the granting document. If an event or happening occurs, the.

In this video, Kartik Subramaniam at ADHI Schools discusses the concept of fee simple defeasible ownership. An estate in land that may be divested from its current owner upon the occurrence of an event set forth by the grantor in the grant.

A defeasible fee created with clear durational language expressing a condition (e.g. "so long as", "until", "while") which causes ownership of a property to.

A fee estate in real property that may be defeated or undone if certain events occur or conditions are not met. HINT To help you remember them, think of defeasible fees as being.

If a transfer of real estate is qualified by a " condition subsequent," such as the new owner cannot do something, the former. Subject to Condition Subsequent. NB: A life estate. Defeasible Estates.

A defeasible estate is created when a grantor places a condition on a fee simple estate. Upon the occurrence of a specified event, the estate may be lost. When a person has outright ownership of real estate ( free of any liens or other claims against title), but the use of the property is. Galaty, ‎ Wellington J. Allaway, ‎ Robert C. Freehold estates include fee simple (also called an indefeasible fee ), defeasible fee, and life estates.

The first two of these estates continue for an indefinite. Bellairs, ‎ Thomas J. Part 2: The Real Estate Transaction FIGURE 5. Kerry Fields, ‎ Fields, Kevin C. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

Seller Jameson sells Buyer Jones his land with a deed restriction that says that Buyer Jones and any subsequent buyers can not. So far, fee simple ownership probably seems pretty straightforward. Still, a bit of a. The fee simple estate is also called “ estate in fee simple " or " fee - simple title.

Top synonym for fee simple defeasible (another word for fee simple defeasible ) is. A type of fee grant which may be defeated on the happening of a certain event. Related Real Property Terms.

Thus, under the new law, the estate acquired must Summary of the different. A has a fee simple determinable. Traduzione del vocabolo e dei suoi composti, e discussioni del forum.

An estate in fee subject to the occurrence of a condition happening subsequently or afterwards, upon which the estate may be.