fee simple

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Related to Fee simple estate: Leasehold estate

fee simple

n. pl. fees simple
1. An estate in land of which the inheritor has unqualified ownership and power of disposition.
2. Private ownership of real estate in which the owner has the right to control, use, and transfer the property at will.

fee simple

n
(Law) property law an absolute interest in land over which the holder has complete freedom of disposition during his life. Compare fee tail
[C15: from Anglo-French: fee (or fief) simple]

fee

(fi)

n., v. feed, fee•ing. n.
1. a sum charged or paid, as for professional services or for a privilege: a doctor's fee; an admission fee.
2. Law.
a. an estate of inheritance, either without limitation to a particular class of heirs (fee simple) or limited to one particular class of heirs (fee tail).
b. (in the Middle Ages) estate lands held of a feudal lord in return for services performed.
c. a territory held in fee.
3. a gratuity; tip.
v.t.
4. to give a gratuity to; tip.
5. Chiefly Scot. to hire; employ.
Idioms:
in fee, in full ownership: an estate held in fee.
[1250–1300; Middle English < Anglo-French; Old French fie, variant of fief fief]
fee′less, adj.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fee simple - a fee without limitation to any class of heirs; they can sell it or give it away
fee - an interest in land capable of being inherited
References in periodicals archive ?
The fee simple estate of rural property may be divided into separate economic, legal, and physical interests.
This means, as with the first model, that the title held by the indigenous community is to a fee simple estate, and the property language of the settler state also permeates this model of agreement.
A ground lease must be capable of being financed without encumbering the landlord's fee simple estate in the land and reversionary interest in the improvements.
This is based on an assertion that fee simple estate and real estate are synonymous and consequently any rent above market is produced by something other than the physical property.
Using divergent areas of law indirectly affected by the use of a fee simple estate, including taxation, matrimonial property, and enforcement, this Part analyzes problems that might arise for Nisga'a communities seeking to use land administration to address social impacts and prevent loss.
This holding follows the nationally recognized principle that "[a] lease never increases the market value of real property rights to the fee simple estate.
2) Even though an instrument purporting to transfer a fee simple estate is void, a transferee who
The total value of the fee simple estate in 1975 was estimated to be $2,640,000.
The advantage of this approach is that the "as if stabilized market value" is often much easier to estimate and all three valuation approaches can often be applied, resulting in a reliable value indication for the theoretical fee simple estate.
Lennhoff's approach for the valuation of the fee simple estate (the fee simple estate being the estate where the $2 million lease is not in place) is to put the lease aside, as though it did not exist.
This advantage or disadvantage is created by a lease and cannot (by definition) be the source of obsolescence in valuing the fee simple estate.
Fisher, PhD, present a technique for valuing a leased fee interest that adjusts the fee simple estate for income detriment or benefit associated with below-market rent, below-market occupancy and above-market rent.