Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2 3 Determine the ownership status for the scenario below. Ewan grants property he owns to his nephew on the condition the nephew renovates the
Determine the ownership status for the scenario below.
Ewan grants property he owns to his nephew on the condition the nephew renovates the fixtures on the property by the end of the next year. If Ewan's nephew never finishes the renovations, the property will automatically revert back to Ewan. What type of ownership does Ewan's nephew have?
Fee simple absolute
Fee simple subject to a condition subsequent
Fee simple determinable
Life estate
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started