limited fee simple
noun
plural limited fees simple
1
: a fee simple estate in land that may last forever but is limited to terminate automatically whenever certain circumstances in existence when the estate is created cease to exist : a base, qualified, or determinable fee simple estate
2
a
: a fee simple estate that is defeasible and may come to an end for any reason (as by reentry after breach of a condition subsequent upon which the estate was limited)
b
: a reversion or remainder estate in land or a conditional fee-tail estate
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“Limited fee simple.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20fee%20simple. Accessed 27 Nov. 2024.
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