Types of Qualified Fee:

Base Fee – a fee that has some qualification connected to it and that terminates whenever the qualification terminate.  aka determinable fee.limited fee.

Fee Simple Defeasible – an estate that ends because there are no more heirs of the person to whom it is granted or because a special limitation, condition subsequent, or executory limitation takes effect. — aka defeasible fee simple; qualified fee.

Fee Simple Determinable – an estate that will automatically end and revert to the grantor if some specified event occurs. — aka determinable fee; qualified fee; fee simple subject to common-law limitation; fee simple subject to special limitation; fee simple subject to special interest; base fee; estate on limitation. [1]

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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