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Define Defeasible Title in Real Estate

Defeasible Title: 

A defeasible title is a special kind of ownership for a house or land that can be taken away if the owner doesn't follow certain rules. It's like having a library card that you can keep and use as long as you return the books on time and don't damage them.

Example: 

For example, let's say Lisa gets a piece of land with a rule that says she must preserve a small forest on it. If Lisa cuts down the trees in the forest, she could lose her ownership of the land because she didn't follow the rule.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

In the world of homes and lands, where titles mark the way,
A special thing called defeasible title comes into play.
It's a kind of ownership, with conditions to obey,
If you break the rules, alas, your title fades away.

Consider Lisa, who owns some land, with a forest standing tall,
The rule is clear, preserve the trees, or her title might just fall.
But if one day, she cuts them down, ignoring nature's call,
Her ownership could be at risk, and quickly lose it all.

Defeasible title, oh so unique, reminds us to abide,
By rules and regulations, as the land and title guide.
In this world of homes and lands, where titles are the key,
Defeasible title teaches us, to follow rules, and let it be.