Distinguish Between Fee Simple Absolute and Fee Simple Defeasible

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The Answer is Different types of interests may be owned in real property.The most complete ownership interest is represented by fee simple absolute.The owner of property in fee simple absolute has the greatest ownership interest recognized by law.Generally,if someone wants to buy real property,he/she is looking to buy property in fee simple absolute.A fee simple defeasible is subject to a condition of ownership or to some future event.Once the condition is violated,the land would revert back to either the original owner or whoever owned the reversion interest,which is a future interest in real property.

Distinguish Between Fee Simple Absolute and Fee Simple Defeasible

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Distinguish Between Fee Simple Absolute and Fee Simple Defeasible

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified