Property is conveyed to a school “so long as the land is used for only academic and recreational purposes.” The conveyance granted is a(n):bundle of rightsfee simple determinableencumbranceestate fixture
Question
Property is conveyed to a school “so long as the land is used for only academic and recreational purposes.” The conveyance granted is a(n):bundle of rightsfee simple determinableencumbranceestate fixture
Solution
The conveyance granted is a fee simple determinable. This type of estate in land is a type of conditional fee simple, where the property is granted to a person for as long as they meet a certain condition. In this case, the condition is that the land is used for only academic and recreational purposes. If the condition is violated, the property will revert back to the original owner or a specified third party.
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