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Base fee

   Also found in: Dictionary/thesaurus, Wikipedia 0.02 sec.

An interest in real property that has the potential to last forever, provided a specific contingency does not occur.

For example, a grantee might be given an estate in blackacre, "provided the land is not used for illegal purposes."

This type of fee is also known as a conditional, determinable, or qualified fee.


BASE FEE, English law. A tenure in fee at the will of the lord. This was distinguished from socage free tenure. See Co. Litt. 1, 18.



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The base fee is just under that of his major national competition, publicly held Muzak Holdings Ltd.
17 Charges December January Quantity Base Fee Quantity Base Fee <Blank> 39 $12,910.
Charles Cartwright said the company's base fee will now be 3% of the $21 billion contract.
 
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