Property Ownership
A fee simple defeasible estate in Ohio is one that:
ACannot be sold or mortgaged
BIs subject to a condition; ownership can be lost if the condition is violated✓ Correct
CIs limited to a specific time period set by statute
DOnly applies to commercial properties
Explanation
A fee simple defeasible (or fee simple conditional/determinable) is an ownership interest that can be terminated or returned to the grantor if a specified condition is violated.
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