Property Ownership
A 'fee simple subject to a condition subsequent' in Mississippi provides that:
AOwnership ends automatically when the condition is violated
BOwnership may be terminated by the grantor exercising their right of re-entry if the condition is violated✓ Correct
COwnership is shared with the grantor indefinitely
DOwnership cannot be conveyed to another party
Explanation
A fee simple subject to a condition subsequent does not automatically terminate; rather, if the condition is violated, the grantor has the right of re-entry (right to retake) the property. The estate continues until the grantor exercises that right.
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Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
DeedA 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.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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