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.

Thesaurus

Noun

fee simple - a fee without limitation to any class of heirs; they can sell it or give it awayfee - an interest in land capable of being inherited

Fee Simple

The greatest possible estate in land, wherein the owner has the right to use it, exclusively possess it, commit waste upon it, dispose of it by deed or will, and take its fruits. A fee simple represents absolute ownership of land, and therefore the owner may do whatever he or she chooses with the land. If an owner of a fee simple dies intestate, the land will descend to the heirs.

The term fee used independently is an adequate designation of this type of estate in land. The term simple is added to distinguish clearly this estate from other interests in real property.

fee simple

n. absolute title to land, free of any other claims against the title, which one can sell or pass to another by will or inheritance. This is a redundant form of "fee," but is used to show the fee (absolute title) is not a "conditional fee," or "determinable fee," or "fee tail." Like "fee" it is often used in deeds transferring title as in "Harry Hadit grants to Robert Gotit title in fee simple..." or similar words. (See: fee)

fee simple

The maximum possible interest (estate) one can possess in real property is the fee simple absolute.It is unlimited as to duration,transferability,and descendability to heirs.Lesser types of fee simple estates include the fee simple defeasible and the fee simple determinable,both of which may result in loss of the property upon the happening of some event in the future.

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Words related to fee simple

noun a fee without limitation to any class of heirs

Related Words