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Real Property β’ Present Possessory Estates
PROP#006
Legal Definition
Where it's unclear whether someone intended to create a fee simple determinable or subject to condition subsequent, courts construe it as a condition subsequent.
Plain English Explanation
When the language of the conveyance isn't clear, courts default to it being a fee simple subject to condition subsequent.
Visual Aids
Related Concepts
How is a fee simple determinable created?
How is a fee simple subject to condition subsequent created?
In assessing a present possessory estate, what is affirmative waste?
In assessing a present possessory estate, what is ameliorative waste?
In assessing a present possessory estate, what is permissive waste?
What are the 3 types of waste a life estate holder may commit?
What are the present possessory estates?
What happens when a life estate holder renounces his interest?
What is a defeasible fee?
What is a fee simple absolute?
What is a fee simple subject to executory interest?
What is a fee tail, how is it created, and what is the result of its creation in most jurisdictions today?
What is a life estate?
What is a life estate pur autre vie and how is it created?
What rights and duties do the holder of a life estate have?