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Define Determinable Fee in Real Estate

Determinable Fee: 

A "determinable fee" is a type of ownership of land or property that lasts only as long as certain conditions are met. If those conditions are broken, the ownership can be taken away and given back to the original owner or someone else.

Example: 

For example, let's say a person is given a piece of land to build a park, but the condition is that the land must always be used as a park. If they decide to build a shopping mall instead, they would lose ownership of the land because they broke the condition, and the land would go back to the original owner.

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

In the land of homes and properties, where ownership's a theme,
A "determinable fee" exists, with conditions like a dream.
As long as certain rules are met, the land is yours to hold,
But break the rules, and you will find, your ownership's been sold.

Imagine now a piece of land, for a park, it's been assigned,
The rule is clear, a park it must be, or the land you'll no longer find.
If you change your mind and build a mall, the land will slip away,
Back to the owner whence it came, as the rules you did betray.

A "determinable fee," my friend, it's an ownership with a twist,
Keep the rules and all is well, but break them and you'll be dismissed.
In the land of homes and properties, where conditions sometimes bind,
A "determinable fee" reminds us, to the rules we must be kind.