Property Ownership
In Minnesota, a 'fee simple defeasible' estate differs from a fee simple absolute in that:
AIt is subject to termination upon the occurrence or non-occurrence of a specified condition✓ Correct
BIt can never be sold or transferred
CIt expires after a set number of years
DIt requires court approval to be created
Explanation
A fee simple defeasible is an ownership interest that may be terminated (defeated) upon the occurrence or non-occurrence of a specified condition. For example, 'to the city as long as used as a park' creates a fee simple determinable—if the city stops using it as a park, the property reverts to the grantor.
Related Minnesota Property Ownership Questions
- In Minnesota, which of the following instruments would be used to correct an error in a previously recorded deed?
- Adverse possession in Minnesota requires use that is:
- A Minnesota property is owned by an LLC. The LLC wants to obtain a mortgage. The lender will require which document to verify the LLC's authority to borrow?
- A Minnesota property owner grants a utility company the right to run power lines across their property. After the utility company abandons the line, the easement:
- In Minnesota, which governmental power is used when the state condemns private land to build a highway?
- In Minnesota, the Marketable Title Act limits title searches by:
- Minnesota's recording act provides protection to buyers who record their deed first. Minnesota follows which type of recording act?
- In Minnesota, what is a 'dominant estate' in the context of an easement?
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →