Property Ownership
A 'fee simple defeasible' estate is ownership that:
ALasts only for the owner's lifetime
BMay be lost if a specified condition occurs or is violated (also called 'fee simple conditional' or 'fee simple on condition subsequent')✓ Correct
CInvolves equal co-ownership between two persons
DIs held by a corporation rather than an individual
Explanation
A fee simple defeasible is an ownership interest that may be terminated if a specified condition is broken (e.g., 'to A so long as the land is used for a school'). If the condition is violated, the property reverts to the grantor or passes to a third party.
Related Massachusetts Property Ownership Questions
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