fee simple subject to condition subsequent

Noun

 * 1)  A defeasible fee created with language reserving the right of the grantor to reclaim ownership of the land upon the occurrence of a specified condition (e.g. "if X event occurs, grantor reserves the right to reenter and retake"); upon occurrence of the condition, the grantor may decide to retake ownership or not.

Related terms

 * (or fee simple subject to executory limitation)
 * (or fee simple subject to executory limitation)