A woman owned the fee simple title to a vacant lot adjacent to a hospital and was persuaded to make a gift of the lot. She wanted to have some control over its use, so her attorney prepared her a deed to convey ownership of the lot to the hospital "so long as it is used for hospital purposes." After completion of the gift, the hospital will own a

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Business

Tatiana Wright

13 September, 10:10

A woman owned the fee simple title to a vacant lot adjacent to a hospital and was persuaded to make a gift of the lot. She wanted to have some control over its use, so her attorney prepared her a deed to convey ownership of the lot to the hospital "so long as it is used for hospital purposes." After completion of the gift, the hospital will own a

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Yosef Haley · Answer 1

The correct answer is Fee simple determinable.

Explanation:

In US law, a simple fee is a state on earth, a form of full property ownership. It is the way in which real estate is owned by common law countries, and it is the greatest possible property interest that can be held in real estate. The allodial title is reserved to governments under a civil law structure. The ownership of the simple tariff represents a property interest in real estate, although it is limited by fiscal powers, eminent domain, police power, and escheat, and could also be limited by certain liens or conditions in writing, such As an Example, a condition that required the land to be used as a public park, with a reversal interest in the grantor if the condition fails; This is a simple conditional rate.