What phrase is associated with a fee simple condition subsequent?

In the context of real estate, a fee simple condition subsequent is a type of property ownership that comes with certain conditions attached. The phrase "under the condition that" directly encapsulates the nature of this type of ownership. It signifies that the ownership can be terminated or reverted back to the grantor if a specified condition is violated or not fulfilled.

In a fee simple condition subsequent, the grantor retains a right of entry, allowing them to reclaim the property if the condition is breached. This condition is critical to understanding the legal implications of the property ownership, as it establishes a clear connection between the ownership and the stipulated conditions.

The other phrases, while related to property rights, do not accurately describe the specific legal mechanism of a fee simple condition subsequent. For instance, "in perpetuity" usually refers to ownership that lasts indefinitely without any conditions, and "so long as" relates more to a fee simple determinable, where the property automatically reverts upon the condition's breach. "On the premises only" does not pertain to any condition tied to ownership but rather describes the location or extent of use, making it irrelevant in this context.