Which term describes the interest held by the grantor of an estate in fee simple subject to condition subsequent?

The term that describes the interest held by the grantor of an estate in fee simple subject to condition subsequent is referred to as "Re-Entry." This concept is tied to the nature of a fee simple subject to condition subsequent, where the grantor transfers ownership of the property but retains a future interest. If a specified condition is violated or not fulfilled, the grantor has the right to "re-enter" and reclaim the property.

In this context, the grantor's interest acts as a sort of safeguard, allowing them to regain control of the property should specific conditions not be met. This can apply in scenarios where the grantor imposes conditions that reflect their intentions for the use of the property. This right of re-entry is a critical aspect of the relationship between the grantor and the grantee in such estates, emphasizing the importance of adhering to the established conditions to maintain ownership.

The other options, such as limited interest, joint tenancy, and life estate, describe different types of property interests that do not reflect the unique characteristics of the grantor's retained interest in a fee simple subject to condition subsequent. Limited interest pertains to a lesser duration or scope of property rights, while joint tenancy involves shared ownership among multiple parties, and a life estate