Property Ownership
In Missouri, fee simple defeasible (conditional fee) ownership means:
AThe owner has unlimited use without any conditions
BOwnership may be lost if a specified condition is violated✓ Correct
CA life estate that expires at death
DTenancy in common with the government
Explanation
Fee simple defeasible (or conditional fee) is ownership that can be terminated or revert to another if a specified condition is violated (e.g.
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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).
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
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