Fee simple subject to an executory limitation

{
  "id": "MLC-T-LAW-002091",
  "term": "Fee simple subject to an executory limitation",
  "field": "Law",
  "definition": "A type of defeasible fee simple estate in real property that automatically terminates upon the occurrence of a specified event, with the property then passing to a third party. Unlike a fee simple determinable, the future interest is held by someone other than the grantor. This interest is known as an executory interest.",
  "url": "https://mlchart.com/terminology/law/fee-simple-subject-to-an-executory-limitation/"
}