fee simple subject to executory limitation
Definition of fee simple subject to executory limitation
fee simple subject to executory limitation (plural fee simples subject to executory limitation)
- (law) Alternate name for a fee simple subject to executory interest.
Fee simple subject to an Executory limitation is an estate that ends automatically if a special limitation is not followed but belongs to a third party. The interest will not revert to the grantor. An executory interest follows a fee simple subject to an executory limitation.
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
TOP LEGAL TERMS THIS WEEK