fee simple

Noun

Meaning

a fee without limitation to any class of heirs; they can sell it or give it away

Source: WordNet

Alternative names

fee-simple

Synonyms

freehold socage tenantry copyhold gavelkind underlease fee-tail seisin knight service undertenancy burgage estate for life feod

Hypernyms

fee

Examples

Freehold title (also known as fee simple ) can only be held by Papua New Guinean citizens. citation Only some 3% of the land of Papua New Guinea is in private hands; it is privately held under 99-year state lease, or it is held by the State. Source: Internet

A fee simple estate is considered an estate of inheritance, and can be legally transferred or sold to another person at any time. Source: Internet

After the Belizean clears the property and improves it with a building, he or she can apply for a conversion to a fee simple title. Source: Internet

There is a cost for homeownership, whether a condo or a fee simple single family home, beyond the monthly mortgage payment of principal, interest, taxes, and insurance. Source: Internet

By 1934, two thirds of Indian land had converted to traditional private ownership (i.e. it was owned in fee simple). Source: Internet

Close letter words and terms

fee regulation fee schedule fee sharing fee simple absolute in possession fee simple determinable fee simple subject to condition subsequent