Which ownership is a defeasible fee that can be terminated on the occurrence of a specified condition?

• A. Time Share Ownership
• B. Cooperative Ownership
• C. Fee Simple Defeasible
• D. Common Interest Ownership

Answer: (C)

A defeasible fee is a freehold estate that can be ended if a certain condition occurs. The ownership described here fits that idea because it can be terminated automatically when the specified condition happens, with the property potentially reverting back to the grantor. This kind of estate is called a fee simple defeasible (encompassing forms like fee simple determinable and fee simple subject to a condition subsequent). The key is that the ownership itself can be cut short by a future event, unlike other ownership forms that don’t terminate on a condition. Time-share ownership, cooperative ownership, and common-interest ownership are not defeasible freehold estates; they involve other ownership structures and occupancy rights, not automatic termination upon a stated condition.