fee simple subject to a condition subsequent

An estate subject to the grantor’s power to end the estate if some specified event happens (e.g., “to Albert and his heirs, upon condition that no alcohol is sold on the premises”).

• The future interest retained by the grantor is called a power of termination (or a right of entry).

— Also termed fee simple on a condition subsequent; fee simple subject to a power of termination; fee simple upon condition. [Cases: Estates in Property 7. C.J.S. Estates §§ 13–14, 20–21.]

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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。