Fee Simple / Life Estate / Reversion Law

Fee Simple Absolute

estate never ends

 Party A grants “to Party B” the Property to have and to

hold… forever…

Fee Simple Determinable/Possibility of Reversion

 Party A grants to Party B the Property to have and to hold…

“so long as” “during” “until” “while” barbeque is sold from the

premises..

Fee Simple Subject to Condition Subsequent/Right of

Entry

estate might end

 Party A grants to Party B the Property to have and to hold…

“but if” “on condition that” “provided that” if alcohol is ever sold

from the premises, then Party A has the right to reenter and

retake the Property…

Fee Simple Subject to Executory Limitation

estate might end

 Party A grants to Party B the Property to have and to hold…so long as… and if the Property ceases to be so used, “then to Party C” This is similar to Fee Simple Determinable in that it ends automatically when the condition occurs but different in thatpossession passes to someone else

Life Estate/Reversion

estate does end

 Party A grants to Party B the Property to have and to hold…

“for life”

Life Estate Pur Autre Vie

where the measuring life is someone

other than Party B. For example, Party A grants to Party B the

property during Party C’s life.

Life tenants shall not what

engage in Affirmative waste and Permissive waste