Question

Penelope is interested in buying a 150-year-old historical home in San Francisco. If Penelope decides to purchase the home, it must be on the condition the original architectural features are never removed from the home. Additionally, if Penelope buys the home and then sells it at some point, the same condition must be in the sales contract, and so on. What type of freehold estate is this historic home?
A. Fee Simple Defeasible
B. Estate in Reversion
C. Fee Simple Absolute
D. Curtesy Estate

Answer 1

Answer:

A. Fee Simple Defeasible

Explanation:

Fee Simple Defeasible  is a common defective transfer with certain conditions.

Charge is the likelihood of a common defective property being conditioned. Fee Simple Defective is a property where the fee is simple subject to that condition. If the condition is violated or not found, the property will be returned to the original grantor or specified third party.