determinable fee

Definition of "determinable fee"
  1. A type of property interest that automatically ends when a particular event takes place
How to use "determinable fee" in a sentence
  1. Upon the death of the current owner, the property with a determinable fee will revert back to the previous owner.
  2. They own their house under a determinable fee, so when the museum construction begins next door, they will lose their ownership.
  3. The agreement was for a determinable fee, meaning the possession of the land was to cease once the company discontinued its mining operations.

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