Question

A landowner conveys a parcel of property with the provision that the land cannot be developed for retail purposes. The new owner immediately begins to develop a retail shopping outlet, the grantor finds out and takes the property back. What kind of estate did this landowner convey?

Answer 1

Answer:A fee simple defeasible

Explanation:A fee simple defeasible is a conveyance of property under stipulated conditions which cannot be violated. The person who holds a fee simple defeasible holds that property as a fee simple subject with this conditions attached to it. If the new owner doesn't abide by these conditions, the property get returned back to the original owner or sold to another person.