Fee Simple Qualified |
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Fee Simple Qualified |
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A fee simple qualified estate is a fee simple estate that is subject to limitations by the grantor.
Examples:
A church sells land provided that the grantee does not sell liquor on the property.
A husband leaves his property to his wife so long as she doesn't remarry.
A fee simple qualified estate is also called a base fee, a defeasible fee, or a fee simple determinable.
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