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Fee simple defeasible is a type of property ownership in which the owner has full and absolute ownership of the property, but with certain limitations or conditions placed on the use of the property. These conditions or limitations can take many forms, but one common example is a reversionary interest, where the property will go back to the grantor (the person who gave the property) if certain conditions are not met, such as failure to pay taxes or use the property for a specific purpose. One of the most common examples of fee simple defeasible is the "fee simple subject to condition subsequent", where the grantor reserves the right to take the property back if certain conditions are not met, and the grantee (the person receiving the property) holds the title with that condition. This type of ownership is less common than the traditional fee simple ownership and it's mostly used for specific scenarios, for example for properties that are donated for charitable purposes, or for properties that are held in trust.
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Beycome Florida:
400 NW 26th St,
Miami, FL 33127
Beycome Office:
5701 Sunset Dr #224,
South Miami, FL 33143
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804-656-5007
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IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information is updated daily. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.
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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.
Beycome Title LLC, Beycome Brokerage Realty and Beycome of Florida have a business relationship in that all are owned by the same persons.
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