fee simple


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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 classic literature ?
At any rate, musty parchments and title-deeds there were none on the island; and I am half inclined to believe that its inhabitants hold their broad valleys in fee simple from Nature herself; to have and to hold, so long as grass grows and water runs; or until their French visitors, by a summary mode of conveyancing, shall appropriate them to their own benefit and behoof.
Target: Fee simple interest in Beverly Hills, California, US-based class A office building
to this "Chicago critique," the fee simple is problematic
7 million acres of fee simple mineral title (excluding coal), the combined asset base represents the largest independent oil and natural gas royalty position in Canada, with widespread exposure to multiple oil and natural gas resource plays, including an unparalleled position in the Viking light oil play in Western Saskatchewan and the multi-zone Deep Basin fairway of Alberta and British Columbia.
a) fee simple including the mines and minerals that may be found to exist within, upon or under such lands; or
The second property that the Company's sponsor has placed under contract is a free-standing fee simple Duane Reade pharmacy located at 163-30 Cross Bay Boulevard in Howard Beach, Queens, New York.
66-209, 1966-2 CB 299, provides that an exchange of a long-term lease for a fee simple is a like-kind exchange for the lessee, but the receipt of advance rent for the lessor.
Strictly speaking, there was no such thing as a writ of either fee simple or fee tail: fee simple was transferred primarily by livery of seisin (a public demonstration of actual possession) to which the written deed was only a witness, and though creation of a fee tail would certainly have necessitated a deed, this document could in no sense be called a writ.
Pursuant to the terms of the transaction with Applegreen, the company through a subsidiary will acquire interests in 38 fee simple and four leasehold properties for USD70.
In fact, we would need to conclude that only a fee simple interest equates to real property value because any change in value caused merely by the signing of a lease document is an intangible asset, rather than just a breaking up of the bundle of real property rights as we have always taught.
The City of Irving is requesting proposals from various interested companies to provide appraisal services related to the purchase of fee simple interest in this property to accommodate the expansion of Heritage Park in Irving s downtown district.
1) In a clear and concise judgment, the BCCA answered those questions by re-asserting the common law principle of nemo dat quod non habet for interests in land less than the fee simple.