Property Ownership
In Oklahoma, a fee simple defeasible estate differs from a fee simple absolute estate because:
AFee simple defeasible lasts only 99 years
BFee simple defeasible may be terminated or divested if a specified condition is violated, while fee simple absolute has no such condition attached✓ Correct
CFee simple defeasible cannot be transferred or sold
DThere is no practical difference in Oklahoma
Explanation
Fee simple defeasible includes a condition on ownership (e.g., 'so long as used for school purposes'). If the condition is violated, the property may revert to the grantor or pass to a third party. Fee simple absolute is unconditional perpetual ownership.
Related Oklahoma Property Ownership Questions
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- Oklahoma's Five Civilized Tribes hold certain lands as:
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