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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Compensation awards for takings, whether partial or whole, are premised on the concept of market value in its highest and best use, and most jurisdictions follow the "unit rule" or undivided fee rule by disregarding all ownership interests in the real property other than the fee simple estate and assuming single ownership.
The complexity of appraising the fee simple estate of a big box retail space that's sold with a lease in place is best understood by knowing how specific segments of commercial real estate evolved into a different asset class.
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.
In 1990 the Alberta government, through Letters Patent, granted to General Council the fee simple estate (full ownership) in all of the lands of the eight settlements.
The fee simple estate of rural property may be divided into separate economic, legal, and physical interests.
Pursuant to the Nisga'a Nation Entitlement Act and the Nisga'a Village Entitlement Act, a Nisga'a Village Government may grant an entitlement within its Nisga'a Village Lands in which the Nisga'a Village owns the fee simple estate. (31) An entitlement replaces the certificate of possession or is an entirely new grant where an individual does not hold a certificate and confers upon its recipient a right to possess a particular parcel of Nisga'a Village Lands.
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.
(3) Even though a registered instrument purporting to transfer a fee simple estate is void, a transferee who
A lease never increases the market value of real property rights to the fee simple estate. Any potential value increment in excess of a fee simple estate is attributable to the particular lease contract.
The total value of the fee simple estate in 1975 was estimated to be $2,640,000.