Property Ownership

In Massachusetts, the 'rule against perpetuities' historically limited:

AThe length of mortgage terms
BFuture interests in property that might not vest within a certain time period✓ Correct
CThe duration of lease agreements
DThe number of owners a property could have

Explanation

The rule against perpetuities prevents future interests in property from potentially vesting too far in the future. Massachusetts has reformed this rule, but it historically applied to limit contingent future interests in real property.

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