Which type of fee simple ownership can impose conditions that, if broken, may allow for the grantor to regain ownership?

The term "Fee Simple Conditional" refers to a type of fee simple ownership that allows the grantor to impose certain conditions on the ownership of a property. In this arrangement, if the conditions specified by the grantor are violated or broken, the grantor has the right to reclaim ownership of the property. This characteristic distinguishes Fee Simple Conditional from other forms of fee simple ownership.

The conditions may vary widely and can include specific use requirements or restrictions on the property. If the conditions are not met, the property automatically reverts to the grantor, which is a form of property interest that creates a vested interest for the grantor.

Understanding Fee Simple Conditional is essential in real estate and property law, as it defines the rights and responsibilities associated with property ownership and the implications for both the grantor and the grantee in the event that stipulated conditions are breached.