A fee simple determinable is an estate in real property that exists "so long as," "while" or "during the period" that a certain prescribed use continues. Such use is described in the grant of conveyance. For example, a conveyance to the University of Knowitall "so long as" the real estate is used for educational purposes would give the university title provided the granted land is used as prescribed. If, at some future time, the university were to stop using the property for educational purposes, title would revert to the original grantor if living or to his or her heirs if the grantor is deceased. A fee simple determinable automatically ends when the purpose for which it has been prescribed terminates. Upon the grant of a fee simple determinable, there remains in the grantor a possibility of reverter.
a fee simple created to continue until the happening of a stated event
a fee simple that ends upon the occurrence of a pre-determined event
a fee simple which automatically comes to an end when a stated event occurs (or, perhaps, fails to occur)
an estate that will automatically end and revert to the grantor if some specified event occurs
an estate that will end automatically if the condition of the grantor occurs and the interest will revert back to the grantor or the heirs of the grantor
an interest in land in which the owner loses title automatically upon the occurrence of a condition
A qualified fee simple estate created to exist only until the occurrence or nonoccurrence of a particular event. The words, "so long as" are ordinarily used to create the estate.
An estate in land where the owner's title to a property in fee simple is dependent on the occurrence (or non-occurrence) of a particular event. Usually represented by the inclusion of "As long as" in the deed.
A fee estate limited by the happening of a certain event.