Property Ownership
Which of the following best describes a fee simple defeasible estate?
AA life estate that returns to the grantor
BAbsolute ownership with no restrictions
COwnership that may be lost upon the occurrence of a specified condition✓ Correct
DA leasehold interest of indefinite duration
Explanation
A fee simple defeasible estate grants ownership that may be terminated if a specified condition is violated or occurs. It is the most complete form of ownership subject to a potential limitation.
Related Michigan Property Ownership Questions
- In Michigan, a deed must include which essential elements?
- Tenancy in common in Michigan is characterized by:
- A Michigan property owner's deed contains a covenant restricting use to single-family residential. This is an example of a:
- In Michigan, a 'writ of execution' following a court judgment can result in:
- In Michigan, the 'horizontal property regime' refers to:
- The Michigan Supreme Court has defined riparian rights on the Great Lakes as:
- In Michigan, the Marketable Record Title Act (MRTA) is designed to:
- In Michigan, an 'appurtenance' is best described as:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →