What type of real estate estate allows the grantor to retake ownership under specific conditions?

The type of real estate estate that allows the grantor to retake ownership under specific conditions is a Fee Simple on Condition Subsequent. This form of ownership is characterized by the presence of a condition that, if violated, gives the grantor the right to reclaim the property. Essentially, the fee simple on condition subsequent includes a clause that specifies certain actions or events that would allow the original owner to reassert their ownership rights.

For instance, if the grantor conveys the property with the stipulation that it must be used for a specific purpose, and the grantee fails to adhere to that purpose, the grantor can reclaim the property without the need for a legal dispute, as long as they act within a reasonable time frame after the condition is violated. This provides a degree of control to the original owner even after the property has been transferred.

Other types of real estate ownership, such as Fee Simple Absolute, confer absolute ownership rights without any conditions, making the property fully owned by the grantee with no strings attached. A Life Estate grants ownership for the duration of an individual's life, after which ownership reverts back to the original grantor or a specified third party. Joint Tenancy involves co-ownership among multiple parties that includes the right of surviv