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Fee simple estate
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.
RELATED TERMS--------------------------------------
Estate The ownership interest of a person in real property, also used to refer to a deceased person's property.
Interest Money paid to a lender as compensation for money that is borrowed.
Land The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
SIMILAR TERMS--------------------------------------
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 The maximum possible estate or right of ownership of real property, continuing forever.
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 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--------------------------------------
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 The maximum possible estate or right of ownership of real property, continuing forever.
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
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.
Feng shui An ancient Chinese belief that the physical characteristics of a house and the positioning of the home will affect the fortunes of the owner.
Feudal system A system of ownership usually associated with precolonial England, in which the king or other sovereign is the source of all rights. The right to possess real property was granted by the sovereign to an individual as a life estate only.
This dictionary contains 6433 terms. |
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