Property Ownership
Under Florida law, a 'fee simple determinable' estate automatically terminates and reverts to the grantor when:
AThe grantee sells the property
BA specified condition occurs or ceases to occur✓ Correct
CThe grantee fails to make mortgage payments
DThe property's use changes from its original purpose
Explanation
A fee simple determinable automatically reverts to the grantor (via a 'possibility of reverter') if the specified condition occurs or the use limitation is violated. No court action is needed — the reversion is automatic. This is created with language like 'so long as,' 'while,' or 'during.'
Related Florida Property Ownership Questions
- A Florida property owner 'dedicates' a strip of land to the county for a new road. This is an example of:
- In Florida, a 'tenancy at will' arises when:
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- In Florida, a 'fee simple defeasible' estate is one that:
- A Florida title is said to be 'merchantable' (marketable). This means the title is:
- In Florida, a property owner who dedicates land for a public road through the platting process is:
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