The following grant has been made: "To Nordstrom Department Stores so long as the land is used only for a 5' high by 12' long sign with only the word ‘Nordstrom' on the sign." Describe the type of interest(s) created by this grant. Be sure to discuss any rules that may apply
?The grant is a fee simple defeasible (fee simple determinable). There is a right of reversion that belongs to the grantor or grantor's heirs. If Nordstrom ceases to use the property for the sign, it loses the interest and the interest automatically reverts back to the grantor or grantor's heirs. No rules apply here because fee simple defeasibles are not subject to the rule against perpetuities.
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