fee simple subject to a condition subsequent:
(1874)
1. An estate subject to the grantor’s power to end the estate if some specified event happens (e.g., “to Albert and his heirs, on condition that no alcohol is sold on the premises”). * The future interest retained by the grantor is called a power of termination (or a right of entry). Abbr. FSSCP. — aka fee simple on a condition subsequent; fee simple subject to a power of termination, fee simple upon condition. [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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Ownership Law and Types of Ownership
Legal Precepts Adopted (from Europe) into The U.S. Constitution
§ § of Law Embedded into the Constitution Pursuant to the American Revolution
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