Defeasible Estate Law and Legal Definition
A defeasible estate is created when a grantor transfers a land on the happening of an event or a condition stated by the grantor. This means that the estate is subject to the occurrence or non-occurrence of some events specified by the grantor.
Defeasible estate can be classified into three:
1. fee simple determinable;
2. fee simple subject to an executory limitation or interest; and
3. fee simple subject to a condition subsequent.
