Define: Determinable

Determinable
Determinable
Quick Summary of Determinable

“Determinable” is a legal term used to describe an interest in property that lasts only until a specified event occurs or condition is met. Once the event or condition occurs, the interest automatically terminates, and ownership or control of the property reverts to another party, typically the grantor or their heirs. This type of interest is often found in real estate transactions, where property is conveyed subject to certain limitations or conditions.

What is the dictionary definition of Determinable?
Dictionary Definition of Determinable
adj. defining something which may be terminated upon the occurrence of a particular event, used primarily to describe an interest in real property, such as a fee simple determinable, in which property is deeded to another, but may revert to the giver or go to a third person if, as examples, the receiver (grantee) marries, divorces or no longer lives in the house.
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This glossary post was last updated: 29th March 2024.

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