fee simple subject to condition subsequent
( plural )
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(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.
fee simple subject to condition subsequent
The court held that the conveyance created a fee simple subject to condition subsequent, allowing the grantor to reenter and retake the property if the specified condition occurred.
The court held that the conveyance created a fee simple subject to condition subsequent, allowing the grantor to reenter and retake the property if the specified condition occurred.
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