fee simple on condition subsequent
- A type of property ownership that can potentially be ended by the person who gave the property, or by those appointed by them, if a specified event happens
- The father transferred the land to his son under a fee simple on condition subsequent that he maintains the family business.
- Under the agreement, if the non-profit organization does not use the property for the stated purpose, the donor can reclaim the property due to the fee simple on condition subsequent.
- The law school was given the building under a fee simple on condition subsequent; if they ever stop using it for legal education, the original owner has the right to take it back.
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