Fee-simple-subject-to-condition-subsequent definition

(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.
noun
0
0
Advertisement

Other Word Forms

Noun

Singular:
fee-simple-subject-to-condition-subsequent
Plural:
fee-simples-subject-to-condition-subsequent