Property Ownership
In Indiana, the term 'fee simple defeasible' refers to:
AFull ownership with no restrictions
BA fee simple estate that may be terminated upon the occurrence or non-occurrence of a specified event✓ Correct
COwnership subject to a life estate
DA leasehold that can be converted to fee simple
Explanation
A fee simple defeasible is a fee simple estate that can be lost or defeated if a specific condition is violated or a specific event occurs. Types include the fee simple determinable and fee simple subject to condition subsequent.
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