defeasible fee

Definition of "defeasible fee"
  1. A type of property ownership where the ownership can end or be ended under certain conditions
How to use "defeasible fee" in a sentence
  1. The couple's property was held as a defeasible fee and could be revoked if they didn't comply with the established rules.
  2. Because of the restrictions on the deed, the new homeowners own the property in a defeasible fee.
  3. The property's defeasible fee status means the ownership may be terminated if certain conditions are not met.

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