fee simple subject to executory interest

Definition of fee simple subject to executory interest

Noun

fee simple subject to executory interest (plural fee simples subject to executory interest)

1. (law) A defeasible fee created with clear durational language expressing a condition (e.g. "so long as", "until", "while") which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about.
   
   * Example: Joe gives Mike an estate in land "so long as no alcohol is brought onto the property, in which case the property will go to Harry"; this creates a fee simple subject to executory limitation- if alcohol is brought onto the property, Harry may choose to take ownership.

Synonyms

• fee simple subject to executory limitation

Related terms

• fee simple determinable
• fee simple subject to condition subsequent
• right of entry
• right of reentry
• power of termination