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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