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Keyword:
fee simple subject to condition subsequent
Noun
(law)
A
defeasible
fee
created
with
language
reserving
the
right
of
the
grantor
to
reclaim
ownership
of
the
land
upon
the
occurrence
of
a
specified
condition
(e.g.
"if
X
event
occurs,
grantor
reserves
the
right
to
reenter
and
retake");
upon
occurrence
of
the
condition,
the
grantor
may
decide
to
retake
ownership
or
not.
Japanese Meaning
（法律用語）条件付き単純所有権：譲渡者があらかじめ設定した特定の条件が発生した場合に、所有権を再取得する権利を保持する形態の土地権利。
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