However, it is determinable because it can terminate automatically if a specified event occurs. defeasible.īecause the estate is of such a nature that it may last forever and thus is fee simple this designation appears to be preferable to others that have been suggest and more descriptive of the property interest involve. Other topics to discuss are fee simple determinable example and fee simple determinable vs. Such an estate will be referred to as a fee simple determinable for the purposes of this discussion. As the definition suggests, such an estate is created by a limitation that creates an estate in fee simple provides that the estate will expire automatically upon the occurrence of a specified event.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |