An inheritable freehold estate that's a fee simple defeasible (where the grantor can reclaim ownership) is also known as what?

A fee simple defeasible is an inheritable freehold estate that has conditions or limitations placed on it by the grantor. In this type of estate, the ownership can revert to the grantor if certain conditions are not met. The term "qualified fee" accurately describes this type of ownership because it indicates that the property is owned outright, but with specific conditions or qualifications attached. If those conditions are violated, the grantor has the right to reclaim the property.

In contrast, a life estate is granted for the duration of a person's life and does not allow for conditions that could lead to the property reverting to the grantor. A fee simple absolute presents the strongest form of property ownership without conditions and does not include any limitations on the title. A conditional fee, while it may seem similar, is not the term commonly used in real estate to describe a fee simple defeasible; rather, it's more informal and not widely recognized in legal terms. Thus, "qualified fee" is the most precise term to describe an inheritable freehold estate with the specific condition that the grantor can reclaim ownership.