Fee Simple Subject To Condition Subsequent
A fee simple subject to a condition subsequent is created when the words of a grant support the conclusion that the grantor intends to convey a fee simple absolute but has attached a condition to the grant so that if a specified future event happens the grantor will get its fee simple absolute back, provided that the grantor exercises his right of entry(or power of termination). Thus, a fee simple subject to condition subsequent does not end automatically upon the happening of the condition. The future interest is called a "right of reentry" or "right of entry," and the property only reverts back to the original grantor if he exercises this right.
The right of entry is not automatic, but rather must be exercised to terminate the fee simple subject to condition subsequent. To exercise right of entry, the holder must take substantial steps to recover possession and title, for example, by filing a lawsuit. Physical entry is not required, but the holder must do more than just proclaim an intent to take back.
One of the languages used to create a fee simple subject to condition subsequent and a right of entry is "to A, but if A sells alcohol on the land, then grantor has the right of entry(or power of termination)."
Common uses include language such as "may", "but if", "however", or "provided that..."
Read more about this topic: Defeasible Estate
Famous quotes containing the words fee, simple, subject, condition and/or subsequent:
“..for a prostitutes fee is only a loaf of bread, but the wife of another stalks a mans very life.”
—Bible: Hebrew, Proverbs 6:26.
“Our whole walk was through a thoroughly Catholic country, and there was no trace of any other religion. I doubt if there are any more simple and unsophisticated Catholics anywhere.”
—Henry David Thoreau (18171862)
“The eye by long use comes to see even in the darkest cavern: and there is no subject so obscure but we may discern some glimpse of truth by long poring on it.”
—George Berkeley (16851753)
“The condition every art requires is, not so much freedom from restriction, as freedom from adulteration and from the intrusion of foreign matter.”
—Willa Cather (18761947)
“And he smiled a kind of sickly smile, and curled up on the floor,
And the subsequent proceedings interested him no more.”
—Francis Bret Harte (18361902)