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Special limitation
Definition:
The specific qualification included in the deed used to create an estate in qualified fee determinable. The grantee must ensure that the special limitation is continually met in order to avoid the possibility of reverter, a future interest retained by the grantor of the estate..
Example: Steve sells a parcel of real property to Ed with the special limitation that it can only be used for a church. If Ed uses the land for anything else, Steve automatically recovers full ownership of his former estate and Ed's estate ends.
Terms, Definitions, and Concepts: Real Estate, Title and Title Insurance, Legal (Law), Management
Added: Fri May 30 2008
Last Modified: Wed Jul 09 2008
Related Terms
Deed Estate in qualified fee determinable Grantee Grantor Possibility of reverter Estate Future interest Estates in Real Property FAQ'sHave something to add? How useful is this Landterm? Bookmark this term
