Property Ownership
In New Mexico, a 'fee simple on condition subsequent' differs from a fee simple determinable in that:
AThey are identical
BThe fee simple on condition subsequent requires the grantor to re-enter and reclaim the property; it does not automatically revert✓ Correct
CThe fee simple on condition subsequent ends automatically
DOnly the government can hold a fee simple on condition subsequent
Explanation
A fee simple determinable automatically reverts to the grantor upon the condition occurring. A fee simple on condition subsequent gives the grantor the right of re-entry, but they must take affirmative action to reclaim the property.
Related New Mexico Property Ownership Questions
- In New Mexico, 'naked legal title' in a deed of trust refers to:
- Which of the following is a voluntary lien on New Mexico real property?
- In New Mexico, which doctrine states that the owner of surface land owns everything above and below the surface to the extent allowed by law?
- A metes and bounds description begins and ends at the same point called the:
- A fee simple absolute estate is best described as:
- Which type of deed is most commonly issued at a tax foreclosure sale in New Mexico?
- In New Mexico, oil and gas mineral rights can be severed from the surface estate, meaning:
- In New Mexico, which of the following is an example of real property that can be converted to personal property?
Practice More New Mexico Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Mexico Quiz →