Both the defeasible fee and easements entail a retained interest in the
regardless of whether the FGROW was a defeasible fee or an easement, and
railroad's rights--from a defeasible fee with a reverter to an
from the retained interest in a defeasible fee, even though the
1) With respect to interests in land, for example, the basic forms are the fee simple, the defeasible fee simple, the life estate, and the lease.
32) There are five general types of present possessory interests: the fee simple absolute, the defeasible fee simple, the fee tail, the life estate, and the lease.
The defeasible fee is usually subdivided into the fee simple determinable, the fee simple subject to condition subsequent, and the fee simple subject to an executory limitation.
64) But there are few if any cases that address the question of whether more exotic interests, such as defeasible fees and executory interests, can be created in personal property.