Fee Simple Defeasible
/ˈfi ˈsɪmpəl dɪˈfiːzəbl/
Definitions
- (n.) An estate in land that is transferable and inheritable but may be terminated upon the occurrence of a specified condition or event.
She held the property in fee simple defeasible, losing ownership if the land ceased to be used as a park.
- (n.) A category of fee simple estate subject to conditions that can cause the estate to revert to the grantor or a third party.
The deed conveyed a fee simple defeasible with a clause that the land must remain a school.
Forms
- fee simple defeasible
Related terms
See also
Commentary
This term encompasses estates that can be cut short by conditions; drafters should clearly specify the triggering event and resulting consequence to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.