A fee simple with a condition that, if breached, the owner has the right to take possession, but does NOT AUTOMATICALLY get it.
If it is unclear if the interest in the grantor is "possibility of reverter" or "right of entry" the court assumes "right of entry."
You can't adversely possess against a right of entry unless the holder has attempted to exert it
There can be a time limit on the right of entry
Future interest--Right of Entry
Duration--Potentially infinite as long as the event does not occur, and afterward as long as the holder of the right of entry does not exercise the power of termination
Transferrabilty--By deed, will, or intestancy |