Property Ownership
In New Jersey, a 'fee simple determinable' estate automatically terminates if:
AThe owner fails to pay property taxes
BThe specified condition subsequent occurs, reverting ownership to the grantor automatically✓ Correct
CThe owner dies without a will
DThe property is sold to a third party
Explanation
A fee simple determinable is limited by a condition expressed in the deed. If the condition is violated, the property automatically reverts to the grantor (or grantor's heirs) without any legal action. Example: 'to the school so long as used for educational purposes.'
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