Property Ownership
What is the meaning of 'fee simple defeasible' as compared to 'fee simple absolute'?
AThey have the same legal significance
BFee simple defeasible has conditions that can cause it to revert; fee simple absolute is unconditional✓ Correct
CFee simple defeasible is a lesser form of ownership
DDefeasible means the property can be rented
Explanation
Fee simple absolute is the fullest ownership with no conditions. Fee simple defeasible is subject to conditions: fee simple determinable automatically reverts if a condition occurs; fee simple subject to condition subsequent requires re-entry by the grantor.
Related Ohio Property Ownership Questions
- What is the Ohio Homestead Exemption and who qualifies?
- What is the bundle of rights in real estate?
- In Ohio, when a grantee records a deed, what benefit does this provide to the grantee?
- Under the Ohio Condominium Property Act (ORC 5311), what does a unit owner typically own?
- In Ohio, which of the following is an example of a 'statutory lien' that is created by law without the owner's agreement?
- In Ohio, 'color of title' in an adverse possession claim refers to:
- In Ohio, a 'tax deed' is issued when:
- In Ohio, 'adverse possession' cannot be established against property owned by:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →