freehold

Question 1

Fee Simple

Answer 1

“Full Control, Pass It Down”
Complete ownership; can sell, inherit, or pass it on.

Question 2

Fee Simple Defeasible

Answer 2

“Follow the Rules or Lose It”
Ownership depends on conditions—break the rule, lose the property.

Question 3

Fee Simple Determinable

Answer 3

“Auto-Revert”
If conditions are broken, property automatically returns to the original owner.

Question 4

Fee on Condition

Answer 4

“Court Decides”
If conditions are broken, owner must go to court to take the property back.

Question 5

Life Estate

Answer 5

“Yours Till You Die”
You only own it for your lifetime or someone else’s.

Question 6

Life Tenant

Answer 6

“Caretaker Owner”
Has to maintain property, pay taxes, but doesn’t own it forever.

Question 7

Act of Waste

Answer 7

“Don’t Trash It!”
Life tenant can’t damage or devalue the property.

Question 8

Remainderman

Answer 8

“Next in Line”
The person who gets the property after the life tenant dies.

Question 9

Remainder Interest

Answer 9

“Future Claim”
Their legal right to inherit the property.

Question 10

Reversionary Interest

Answer 10

“Back to Owner”
If no remainderman, the property goes back to the original owner.

Question 11

Pur Autre Vie

Answer 11

“Life of Another”
Ownership lasts for someone else’s life, not yours.