Definition
Ownership that can be terminated if certain conditions occur, such as a property reverting to the original grantor if used for purposes other than intended. It's real estate with an expiration date.
Example Usage
The land grant included a defeasible title, reverting to the state if the property wasn't maintained as a park.
Origin
From Old French 'desfait' (undone), describing title that can be 'undone' under conditions.
Fun Fact
Defeasible titles are rare in modern residential real estate but common in land grants and charitable donations.
Source: Real Estate Law and property rights principles
Related Terms
Translate This Term
See “Defeasible Title” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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