Asked by Darren Szack on Jun 19, 2024
Verified
The owner of a[n] ________ estate possesses the same interest as the owner of a fee simple absolute, only this interest is subject to a condition.
A) Conditional
B) Life
C) Leasehold
D) Future interest
E) Absolute
Fee Simple Absolute
An ownership interest in which the holder has exclusive rights to ownership and possession of the land to the holder; the most comprehensive type of estate.
Conditional Estate
A type of property ownership that is subject to certain conditions or requirements being met.
Condition
A provision in a contract or agreement that stipulates a specific event or action must occur before the contract is considered effective or a duty is triggered.
- Comprehend the different forms of property ownership and their impact on the rights and utilization of real estate.
Verified Answer
CR
Charlene RodriguezJun 20, 2024
Final Answer :
A
Explanation :
The owner of a conditional estate possesses the same interest as the owner of a fee simple absolute, but this interest is subject to a condition, meaning if the condition is not met, the estate could be terminated or revert to another party.
Learning Objectives
- Comprehend the different forms of property ownership and their impact on the rights and utilization of real estate.