Ask Question
18 March, 13:01

A man conveyed a one-acre parcel of land to a preschool. In the deed, the man stated that the property was to be used only as a playground; the man reserved a right of reentry. What kind of estate has the man granted?

+3
Answers (1)
  1. 18 March, 15:43
    0
    Fee simple subject to a condition subsequent

    Explanation:

    A fee simple subject to a condition subsequent is quite similar to the fee simple determinable besides that the violation of the condition would give the original owner the option to take back the property. Therfore, the property does not automatically shift to the original owner. Instead, upon violation of the condition, the original owner has the option to regain the right to the property. This option is called a "right of reentry."
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A man conveyed a one-acre parcel of land to a preschool. In the deed, the man stated that the property was to be used only as a playground; ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers