Create an account
fee simple absolute
Maximum possible estate or right of ownership of real property, continuing forever
Fee simple determinable
And estate continues until the occurrence of a specified event or circumstance. Upon its occurrence, the estate will cease and terminate automatically with ownership rights reverting to the original grantors.
Fee simple subject to condition subsequent
Is another freehold estate which lays out conditions that allow the possibility of a grantor reentry, it continues even after the occurrence of the event until the grantor acts or takes steps to reclaim the estate.
Free for whatever life the interest owner has, or by some other measure of time or duration.
Less than freehold estate
An estate in land that has a predetermined time span; most commonly a leasehold.
Tenants in common
Is owned and possess in equal shares an undivided interest in the whole property, which is an interest in fee simple that passes to statutory heirs in the event of intestacy.
Tenants by the entireties
Husbands and wives who jointly own real estate that is the primary residence or domicile
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together