For Fee Simple we have terms and definitions in 8 topics. The topics are Accounting, Canadian Law, Conservation, Genealogy, Insolvency, Purchasing A Home, Real Estate and Timeshare.

Fee Simple (Accounting)

is absolute ownership of real property; owner is entitled to the entire property. This includes unencumbered right of disposition during his/her life and upon death the real property passes to his/her heirs. Also known as FEE SIMPLE ABSOLUTE and FEE ABSOLUTE.

Fee Simple (Canadian Law)

The most extensive tenure allowed under the feudal system allowing the tenant to sell or convey by will or be transfer to a heir if the owner dies intestate. In modern law, almost all land is held in fee simple and this is as close as one can get to absolute ownership in common law.

Fee Simple (Conservation)

(also fee interest or fee simple interest) A way of describing full ownership of a piece of land, including all of the legal rights of the property. The word "fee" comes from an old English word meaning "land that can be inherited." Less than fee interest is ownership with restricted rights. A person buying land that already has a conservation easement is getting less than fee interest.

Fee Simple (Genealogy)

Estate of land which the inheritor has unqualified ownership and power of disposition

Fee Simple (Insolvency)

Title to ownership without restriction or limitation. For example ownership of land in fee simple means the land is owned out right as compared to a person who leased land.

Fee Simple (Purchasing A Home)

The greatest possible interest a person can have in real estate.

Fee Simple (Real Estate)

The terms "fee" and "fee simple" are substantially
synonymous. The term "fee" is of old English derivation. "Fee simple absolute" is an estate in real property by which the owner has the greatest power over the title which it is
possible to have, being an absolute estate. In modern use, it expressly established the title of real property in the owner, without limitation or end. They may dispose of it by sale, or
trade or will, as he chooses.

Fee Simple (Timeshare)

The preferred type of real estate ownership. This type of interval ownership is the opposite of Right-to-Use or lease ownership and continues forever. The owner holds a deed in his/her name and the ownership of the property can be bequeathed to heirs.

Similar

Browse words that start with:

• Fe
• Fee
• Fee
• Fee S

Browse All Terms by First Letter

Term Search