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.
Search Google for Fee Simple Subject To A Condition Subsequent:
Condition Adjective Synonyms: state, circumstance(s), shape
Condition Noun Synonyms: stipulation, proviso, demand, requirement, term, qualification, contingency, requisite, prerequisite
Condition Verb Synonyms: train, educate, teach, brainwash, influence, mould, persuade
MORE
Fee Noun Synonyms: pay, payment, emolument, compensation, recompense, honorarium, remuneration, rate, wage(s), stipend, salary
Fee Verb Synonyms: charge, price, cost, fare, bill, tariff, toll, damage(s)
MORE
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
Simple Verb Synonyms: uncomplicated, plain, uninvolved, unsophisticated, understandable, intelligible, (easily) understood, comprehensible, clear, lucid, straightforward, easy, elementary, basic
MORE
Subject Noun Synonyms: discussed, under discussion, referred to, above
Subject Verb Synonyms: (subject-)matter, topic, issue, theme, angle, thesis, gist, substance, business, affair, point
Subject Adjective Synonyms: participant, case, guinea-pig, testee
MORE
Subsequent Verb Synonyms: succeeding, following, ensuing, next, future, later, successive, resultant, resulting, consequent
MORE
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
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 A MORE
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