What type of estate allows for the transfer of ownership with conditions placed on the use of the property?

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Prepare for the Texas Real Estate Principles 1 Test. Utilize flashcards and multiple choice questions with detailed explanations for each question. Boost your confidence and ace your exam!

The correct choice is a defeasible fee estate. This type of estate is characterized by conditions or limitations placed on the ownership of the property. When property is conveyed as a defeasible fee, it essentially means that the ownership is granted with the understanding that if certain specified conditions are not met or if a particular event occurs, the property can revert back to the original grantor or their heirs.

For example, a common situation might involve a donor giving land to a charity with the stipulation that the land must be used for a park. If the charity were to stop using the land as a park, the donor could reclaim ownership of the property. This legal framework allows for some control over how the property can be used, effectively tying the ownership of the estate to the adherence to these conditions.

In contrast, other types of estates such as a conditional fee simple, while similar, do not have the same legal implications or conditions of reversion associated with them. A life estate pertains to ownership that lasts for the lifetime of a specified individual, with no additional conditions on property use necessarily attached. Tenancy at sufferance refers to a situation where a tenant remains in possession of property after the lease has expired, which does not involve any transfer of ownership or

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