Property Ownership
A 'fee simple defeasible' estate in Georgia is one that:
AA. Cannot be sold or transferred
BB. Is a complete ownership interest that may be defeated (terminated) if certain conditions occur✓ Correct
CC. Exists only for the life of the grantee
DD. Provides no right of possession
Explanation
A fee simple defeasible (also called fee simple subject to a condition or determinable) is an ownership interest that can be terminated if specified conditions are violated. For example, 'so long as used as a school' — if use changes, ownership may revert.
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