What is the term for the right of a grantor to reacquire property in a Fee Simple Subject to Condition Subsequent?

The correct term for the right of a grantor to reacquire property in a Fee Simple Subject to Condition Subsequent is the Power of Termination. This concept is integral to understanding how a Fee Simple Subject to Condition Subsequent works within property law.

In a Fee Simple Subject to Condition Subsequent, the grantor transfers ownership of the property to a grantee but retains the right to reclaim the property if a specified condition is violated. This is typically outlined in the deed or grant instrument that creates the ownership interest. If the condition takes place, the grantor can exercise their Power of Termination to reclaim the property.

The terminology is important in real estate and legal contexts as it defines the rights and privileges associated with property ownership under certain conditions. Understanding this ensures clarity regarding the control a grantor maintains over the property, allowing them to enforce conditions that could dictate the future use of the land.

The other options do not accurately describe the grantor's rights in this context. For instance, the Power of Reversion relates to different types of interests in property, specifically when property reverts back to the grantor after a particular time or condition whether or not a violation has occurred. The Right of Occupancy speaks to a grantee's ability to use