Property Ownership
In Maine, a fee simple determinable estate automatically reverts to the grantor when:
AThe grantee dies
BThe specified condition occurs✓ Correct
CThe grantee fails to record the deed
DThe property is sold to a third party
Explanation
A fee simple determinable estate automatically terminates and reverts to the grantor (or their heirs) when the specified condition occurs (e.g.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
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