In real estate what does qualified fee mean?

Answer:
A fee simple qualified estate is a fee simple estate that is subject to limitations by the grantor. There is some condition or special limitation attached to it that may cause it to revert to the grantor.
  • A conveyance to Charles as long as he maintains the property as a working farm. When the working farm is no longer feasible the property would revert to the grantor.
  • A conveyance of undeveloped land owned by a church that restricts it from being used to build an establishment that serves liquor.
  • A conveyance for a nominal sum to a town for a tract that can only be used for a public park.
First answer by Kluss. Last edit by Kluss. Contributor trust: 693 [recommend contributor recommended]. Question popularity: 3 [recommend question].