What does Defeasible mean in law?

What does Defeasible mean in law?

Legal Definition of defeasible : subject to or capable of being annulled or made void a defeasible interest his rights are not defeasible by agreement— J. D. Calamari and J. M. Perillo.

What does Defeasible mean property law?

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.

What is a Defeasible title in real estate?

A defeasible estate is created when a grantor transfers land conditionally. Upon the happening of the event or condition stated by the grantor, the transfer may be void or at least subject to annulment. (An estate not subject to such conditions is called an indefeasible estate.)

What does Title mean in legal terms?

A title is a document that shows legal ownership to a property or asset. A title can represent ownership of a real asset such as a car or an intangible property or assets such as a trademark.

What is a defeasible easement?

Determinable Easement is an easement that will terminate upon the happening of a specific event or contingency.

What is title alienation?

Alienation refers to the process of a property owner voluntarily giving or selling the title of their property to another party. When property is considered alienable, that means the property is able to be sold or transferred to another party without restriction.

What is defeasible fee estate in real estate?

Defeasible Fee Estate in Real Estate. When the rights of ownership in real estate are dependent on the occurrence or non-occurrence of a certain event, it is known as a defeasible fee estate. This limits fee simple ownership rights.

What is an example of a fee simple Defeasible estate?

A fee simple defeasible is a special condition found in some deeds. With this condition, the original land owner does not have sue to take back the property if the deed condition is violated. An example of this is land sold with the special limitation that it is only to be used for agriculture.

What are the types of titles?

10 Different Types of Vehicle Titles

• Clear Title. A vehicle with a clear title is issued to a car owner if the vehicle has not been severely damaged and has no liens placed on it.
• Salvage Title.
• Bonded Title.
• Lemon Title.
• Rebuilt/Reconstructed Title.
• Dismantled Title.
• Junk Title.
• Certificate of Destruction.

What does Defeasible fee estate mean?

What is fee simple defeasible? Fee simple defeasible is a legal term and type of property ownership, where the ownership is dependent on specific conditions. If the conditions of ownership are violated, the property may be returned to the grantor or to a specified third party.

What does the name defeasible mean?

Here are all the possible meanings and translations of the word defeasible. Capable of being defeated, terminated, annulled, voided or invalidated. The accounting charge for the non-callable debt is defeasible by an escrow. Etymology: [See Defeasance.]

What does defeasible mean in real estate?

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.

What is fee simple defeasible in real estate?

A fee simple defeasible is ownership of the property that is based on some type of condition. A fee simple determinable is one reverts automatically back to the last owner of the property if the new owner does or does not do something specific agreed to when the sale of the property took place.

What is a defeasible life estate?

Defeasible. Potentially subject to defeat, termination, or Annulment upon the occurrence of a future action or event, or the performance of a condition subsequent.The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the happening…