Opinion ID: 3186185
Heading Depth: 1
Heading Rank: 4

Heading: Estate Conveyed

Text: The Restriction and the Reverter create a limitation upon the estate conveyed by the Deed, that is, that the estate is vested in the grantee, MBC, so long as the Property is used for the specified educational purposes; this limitation on the conveyed estate creates a defeasible fee or, more precisely, a fee simple determinable estate. Flaum v. Middlebury, 246 Ga. 682 (272 SE2d 5 Although not necessary to the present analysis in the context of the motion to dismiss, there is evidence of record, albeit outside the four corners of the Deed, which suggests that the parties considered the Restriction and the Reverter to apply to the Property as a whole. In general, the parties construction of a contract, as shown by their acts and conduct, is entitled to much weight and may, in some circumstances, be conclusive. Head v. Scanlin, 258 Ga. 212, 213 (1) (367 SE2d 546) (1988). 12 695) (1980). Indeed, the hallmark of a fee simple determinable estate is that it provides for automatic reversion of the estate upon the occurrence of the limitation. Id. And, that is precisely the situation in this case.