Monday, February 13, 2017

Land Investing 101: Fee Simple Subject to Condition Subsequent

Okay, the secret is out.  I am currently studying for my bar exam.  In the process, I must study real property law and other areas of law that pertain to real estate and may be helpful to a real estate or land investor.  I figured since I was studying anyways, I might as well put each topic one video at a time.  I also started a YouTube channel which can be seen here.

A fee simple subject to a condition subsequent is created when the grantor transfers property and retains the right the re-enter or terminate the interest upon the happening of a certain event.  Upon the happening of this event the interest in the property continues until the grantor exercises her power to terminate the interest.  Unlike a fee simple determinable (which automatically terminates), a fee simple subject to condition subsequent continues until the person holding the right to re-enter exercises that right.  Let me explain....

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