fee simple conditional

Definition of "fee simple conditional"
  1. An ownership status granted to a person and their offspring, which can revert or be remaindered if there are no direct descendants, yet becomes fully transferable and an absolute right with the birth of a direct descendant
How to use "fee simple conditional" in a sentence
  1. The old man's will granted his son a fee simple conditional of the family home.
  2. Inheritance law often uses the concept of fee simple conditional while distributing real estate property.
  3. If there are no direct descendants of the deceased, the property given as fee simple conditional may revert or be remaindered.

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