Property Ownership
Vermont's 'fee simple subject to condition subsequent' estate means ownership may:
ANever be disturbed
BBe re-entered and reclaimed by the grantor if a specified condition is violated✓ Correct
CAutomatically revert to the state
DConvert to a life estate upon a specified event
Explanation
A fee simple subject to condition subsequent gives the grantor the right to re-enter and reclaim the property if the grantee violates a specified condition. Unlike a fee simple determinable, it does not automatically terminate — the grantor must take action.
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Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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