Fee simple absolute

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Fee simple absolute

Fee simple absolute

The maximum possible estate or right of ownership of real property, continuing forever.

RELATED TERMS
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Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.

Ownership
The right to possess and use property to the exclusion of others.

Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.

SIMILAR TERMS
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Fee appraiser
A non-salaried appraiser who is paid a fee for the appraisal assignments performed.

Fee simple
Ownership of title to property without any limitation, which can be sold, left at will, or inherited.

Fee simple defeasible
An estate in land in which the holder has a fee simple title subject to being divested upon the happening of a specified condition; also called a qualified fee or a defeasible fee.

Fee simple determinable
A fee simple determinable is an estate in real property that exists "so long as," "while" or "during the period" that a certain prescribed use continues.

Fee simple estate
An unconditional, unlimited estate of inheritance that represents the greatest estate and most extensive interest in land that can be enjoyed. It is of perpetual duration.

Fee simple interest
When an owners owns all the rights in a real estate parcel

Fee simple subject to a condition subsequent
A fee simple subject to a condition subsequent is an estate conveyed "provided that," "on the condition that" or "if" it is used for a specific purpose.

Fee title
The maximum possible estate one can possess in real property. A fee title estate is the least limited interest and the most complete and absolute ownership in land; it is of indefinite duration, freely transferable and inheritable.

PREVIOUS AND NEXT TERMS
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Fee appraiser
A non-salaried appraiser who is paid a fee for the appraisal assignments performed.

Fee simple
Ownership of title to property without any limitation, which can be sold, left at will, or inherited.

Fee simple absolute

Fee simple defeasible
An estate in land in which the holder has a fee simple title subject to being divested upon the happening of a specified condition; also called a qualified fee or a defeasible fee.

Fee simple determinable
A fee simple determinable is an estate in real property that exists "so long as," "while" or "during the period" that a certain prescribed use continues.

Fee simple estate
An unconditional, unlimited estate of inheritance that represents the greatest estate and most extensive interest in land that can be enjoyed. It is of perpetual duration.

Fee simple interest
When an owners owns all the rights in a real estate parcel

Fee simple subject to a condition subsequent
A fee simple subject to a condition subsequent is an estate conveyed "provided that," "on the condition that" or "if" it is used for a specific purpose.

This dictionary contains 6433 terms.

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