Property Ownership
A Maine property owner has a 'fee simple defeasible' estate. This means their ownership:
AIs absolute and cannot be taken away
BCan be terminated if a specified condition is violated✓ Correct
CExpires after a set number of years
DMust be shared with co-owners
Explanation
A fee simple defeasible is a fee simple estate subject to a condition or limitation. If the condition is violated, the estate may be defeated (terminated).
Related Maine Property Ownership Questions
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