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Fee estate

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(Eng. Law) land or tenements held in fee in consideration or some acknowledgment or service rendered to the lord.

See also: Fee



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Since a leased fee estate is involved in the example given, the second point might be to state in the transmittal letter that the assignment involves a leased fee estate, and the value may not equal the value in fee simple.
The market place reveals that a knowledgeable buyer is counting on income appreciation when purchasing a leased fee estate.
815 (1) (2003) ("A city, county, district or other political subdivision or municipal corporation of this state shall not impose, by ordinance or other law, a tax or fee upon the transfer of a fee estate in real property, or measured by the consideration paid or received upon transfer of a fee estate in real property.
 
 
 
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