Freehold Estates

Question 1

Defeasible

Answer 1

Qualified fees that can be terminated if certain conditions are met or not met

Question 2

Estate

Answer 2

The degree, quantity, nature, and extent of the interest that a person has in real property

Question 3

Fee Simple Conditional

Answer 3

Also known as fee tall, it is a fee simple with a restriction to the right of inheritance, such as limiting the right of inheritance to a fixed line of succession like “to the first-born son in each generation”; fee simple conditional is not legal in Arizona

Question 4

Fee Simple Determinable

Answer 4

A fee simple estate in which the property automatically reverts to the grantor upon the occurrence of a specified event or condition

Question 5

Fee Simple on Condition Subsequent

Answer 5

A qualified fee estate subject to conditions on the grantee, often recognized by the negative restrictions or the words “but if”

Question 6

Freehold Estate

Answer 6

Real property ownership estate of uncertain duration

Question 7

Indefeasible Fee

Answer 7

A fee simple estate; cannot be annulled, forfeited, or terminated without the action of the owner, as long as the owner is not doing anything to interfere with the rights of others or the government

Question 8

Leasehold Estate

Answer 8

An estate that is less than freehold and that lasts a certain duration of time

Question 9

Qualified Fee Estate

Answer 9

A fee simple estate subject to certain limitations imposed by its grantor