John sells some property and the deed reads,"I transfer this property to the Boulder County Rat Kindness Society so long as it is used to promote kindness to rats,and if it ceases to be so used,then it comes back to the grantor (the seller)." The type of ownership estate created is:

Question

Quizplus · Accepted Answer

The language in the deed specifies a condition for the property to remain with the Boulder County Rat Kindness Society. If the condition is not met, the ownership is defeasible and reverts back to the grantor. Therefore, this is an example of fee simple defeasible ownership.

John Sells Some Property and the Deed Reads,"I Transfer This