This form of property ownership grants title to land but stipulates that the estate could be lost if certain conditions are violated. For instance, a property conveyance to a school district conditioned on the land being used solely for educational purposes establishes this type of ownership. Should the district cease using the land for school operations, the property rights could revert to the original grantor or their heirs.
This type of ownership allows grantors to maintain some control over land use after conveying the property. It provides a mechanism for ensuring that the grantor’s intentions for the property are honored. Historically, this type of ownership has been employed to promote specific community goals or to ensure land is used in a manner consistent with the grantor’s values. This type of conveyance is a common tool used in charitable donations and real estate developments alike.
