What type of ownership allows a school property to revert to the grantor if not used as a school?

The correct choice is determinable fee ownership, which is a type of ownership characterized by a condition that, if violated, will result in the property reverting back to the original owner, known as the grantor. In the context of a school property, this means that if the property is no longer used as a school, it automatically reverts to the grantor, who retains a future interest in the property.

This type of ownership creates a specific condition that must be fulfilled for the owner to maintain their rights to the property. With determinable fee ownership, the language used in the deed typically includes terms like "so long as" or "until," indicating the contingencies tied to the ownership.

In comparison, fee simple ownership conveys the most complete interest in land, with no conditions or limitations on its use, making it permanent and not subject to reversion based on usage. Leasehold ownership relates to the temporary occupancy of the property through a lease agreement between a landlord and tenant, which does not involve reversion rights tied to a specific use. Life estate ownership grants an individual rights to use the property for the duration of their life but does not involve reverting conditions based on its use. Consequently, these forms of ownership do not establish similar reversion