Asked by Janiel Samuels on Jul 16, 2024
Verified
The owner of a ________ possesses the same interest as the owner of a fee simple absolute,except that this interest is subject to a condition that may result in termination of the interest.
A) conditional estate
B) life estate
C) leasehold estate
D) future interest
E) fee simple absolute
Fee Simple Absolute
An ownership interest in which the holder has exclusive rights to ownership and possession of the land; the most comprehensive type of estate.
Conditional Estate
An ownership interest in which the holder has the same interest as that in a fee simple absolute except that this interest is subject to a condition.
- Distinguish between different types of estates and interests in land.
Verified Answer
KP
Kaleice PorchiaJul 20, 2024
Final Answer :
A
Explanation :
The owner of a conditional estate possesses the same interest as the owner of a fee simple absolute,except that this interest is subject to a condition: If a certain required event fails to occur or a specific prohibited event occurs,the interest will be terminated.
Learning Objectives
- Distinguish between different types of estates and interests in land.