Escrow & Title
In Minnesota, a 'condition subsequent' in a deed creates what type of estate?
AFee simple absolute
BFee simple subject to a condition subsequent (fee simple defeasible)✓ Correct
CLife estate
DEasement in gross
Explanation
A condition subsequent in a deed creates a fee simple subject to a condition subsequent (one type of fee simple defeasible). If the specified condition occurs (or fails to occur), the grantor (or their heirs) may exercise the right of reentry to take back the property.
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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).
EasementA non-possessory right to use another person's land for a specific purpose.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
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