Fee Simple Subject To A Condition Subsequent

Business / Real Estate / Fee Simple Subject To A Condition Subsequent: A fee simple subject to a condition subsequent is an estate conveyed provided that, on the condition that or if it is used for a specific purpose. If it is no longer used for that purpose, it reverts to the original grantor or his heirs. This type of estate is much the same as a fee determinable, except that in a fee determinable conveyance, the words are of duration while a fee condition subsequent refers strictly to a specific condition. In addition, unlike a fee determinable, when fee condition subsequent property is no longer used for its prescribed purpose, the original grantor (or heirs) must physically retake possession of the property within a reasonable period of time after the breach (i.e., the grantor must exercise his or her right of reentry). Any transaction involving a fee simple defeasible estate should be referred to an attorney for a professional opinion.

Other Words for Condition

Condition Noun Synonyms: stipulation, proviso, demand, requirement, term, qualification, contingency, requisite, prerequisite
Condition Adjective Synonyms: state, circumstance(s), shape
Condition Verb Synonyms: train, educate, teach, brainwash, influence, mould, persuade
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Other Words for Fee

Fee Verb Synonyms: charge, price, cost, fare, bill, tariff, toll, damage(s)
Fee Noun Synonyms: pay, payment, emolument, compensation, recompense, honorarium, remuneration, rate, wage(s), stipend, salary
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Other Words for Simple

Simple Verb Synonyms: uncomplicated, plain, uninvolved, unsophisticated, understandable, intelligible, (easily) understood, comprehensible, clear, lucid, straightforward, easy, elementary, basic
Simple Adjective Synonyms: unsophisticated, naive, slow, slow-witted, stupid, thick, thickheaded, simple-minded, feeble-minded, oafish, bovine, dense, obtuse, dull, dull-witted, witless, halfwitted, brainless, backward, imbecilic or imbecile, cretinous, dumb, mo
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Other Words for Subject

Subject Adjective Synonyms: participant, case, guinea-pig, testee
Subject Verb Synonyms: (subject-)matter, topic, issue, theme, angle, thesis, gist, substance, business, affair, point
Subject Noun Synonyms: discussed, under discussion, referred to, above
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Other Words for Subsequent

Subsequent Verb Synonyms: succeeding, following, ensuing, next, future, later, successive, resultant, resulting, consequent
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Fee Simple Defeasible

Business / Real Estate / Fee Simple Defeasible: An estate in land in which the holder has a fee simple title subject to being divested upon the happening of a specified condition, also called a qualified fee or a defeasible fee. There are two categ MORE

Partners For Wildlife

Business / Agriculture / Partners For Wildlife: A voluntary partnership program administered by the Fish and Wildlife Service to provide financial and technical assistance to private landowners who wish to protect or restore wetlands. This program MORE

Partners In Quality

Business / Agriculture / Partners In Quality: An AMS documented quality assurance system for fresh produce packing houses. Those that incorporate the program’s rigorous quality standards and requirements (monitored by periodic unannounced AMS a MORE

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