Fee Simple Subject to Condition Subsequent : Transfer where the violation of the condition would give the original owner of the property the option to take back the property and.Fee Simple Determinable : The interest in the property is automatically ended when a condition is violated or unmet.There are three different types of fee simple defeasible: If these conditions are violated, or are not met, the property either goes back to the original grantor, or a specified third party. Fee Simple Defeasible: A fee simple defeasible conveyance may have certain conditions or limitations placed on the transfer of property. As such, they do not have the right to commit waste (acting in any way that would cause the property to lose value, neglecting the premises, etc) and A life tenant is generally entitled to all uses and profits from the property however, the life tenant does not maintain any rights to transfer the property when they die. Once the life tenant dies, the property is transferred to the person who holds future interest. Life Estate: Life estate refers to an interest in property that is measured by the duration of someone’s life, typically the person who is to receive the property.These rights are commonly thought of as simply ownership of the real property, and is the most broad category of property interest At any time, the holder may sell all or part of the property, or distribute the property at their death through a will. The duration is indefinite, and the interest is not subject to any specific conditions. The holder of a fee simple has both the present and future interest in the property.
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