Subject to Condition Precedent

A legal real estate term applying to fee simple defeasible estates, this identifies the conditions that must be met for the estate to continue. Once the approved usage ceases, the estate would terminate, at which time the title would then transfer to a reversion interest or remainder interest. For example, a philanthropist grantor may give some land in a fee simple defeasible estate to a charity as long as it is used for charitable purposes. If that charity tried to do non-charity work, their estate would end. For more information, see the "Title and Estates in Real Property" article in the "Real Estate In-Depth" section.

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