Fee Simple Subject To A Condition Subsequent at Real Estate Glossary

What is it? A fee simple subject to a condition subsequent is an estate conveyed provided that, on the condition that or if it is used for a specific purpose. If it is no longer used for that purpose, it reverts to the original grantor or his heirs. This type o

Real Estate Definition Added By: Blake

Send To Friends!

If you'd like to send the Fee Simple Subject To A Condition Subsequent definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Fee Simple Subject To A Condition Subsequent. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Cap is A limit on the amount the interest rate or monthly payment can increase in an adjustable-rate mortgage.

Real Estate Term Initial Rate is The inital rate charged to a borrower for the first adjustment period of an adjustable rate mortgage. (See adjustable rate mortgage (ARMs))

Real Estate Term Metes-And-Bounds Description is A legal description of a parcel of land that begins at a well marked point and follows the boundaries, using directions and distances around the tract, back to the place of beginning. (See legal description)

Real Estate Term Gross Scheduled Income is The maximum amount of rent if the property were 100 percent occupied.

Real Estate Term Covenant Of Warranty Forever is The grantor promises to compensate the grantee for the loss sustained if the title fails at any time in the future. These covenants in a general warranty deed are not limited to matters that occurred during the time the grantor owned the property they ext