Penelope is interested in buying a 150-year-old historical home in San Francisco. If Penelope decides to purchase the home, it m
ust 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?
For that particular scenario, the type of freehold state is fee simple defeasible.
Explanation:
A fee simple defeasible is a type of transfer that has some conditions in it that allow the original owner or third party involved to set conditions for the conveyance and if those conditions are violated, penalties can apply.
