Property Ownership
In Iowa, a defeasible fee (fee simple defeasible) is:
AA fee simple that can never be lost
BA fee simple interest that may be terminated if a specified condition occurs or fails to occur✓ Correct
CA life estate that transfers to the holder's heirs
DA temporary ownership interest pending court approval
Explanation
A defeasible fee is a fee simple estate that may automatically terminate or be subject to being taken back if a specified condition is met or violated. Examples include a 'fee simple determinable' and 'fee simple subject to condition subsequent.'
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