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.