fee

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Fee

A compensation paid for particular acts, services, or labor, generally those that are performed in the line of official duties or a particular profession. An interest in land; an estate of inheritance.

An estate is an interest in land, and a fee, in this sense, is the shortened version of the phrase fee simple. A fee simple is the greatest estate that an individual may have in the land because it is total ownership of the land including all structures attached thereto. It is complete ownership absent all conditions, limitations, or restrictions upon alienation, which is its sale or transfer to another.

fee

n. 1) absolute title in land, from old French, fief, for "payment," since lands were originally given by lords to those who served them. It often appears in deeds which transfer title as "Mary Jo Rock grants to Howard Takitall in fee..." or similar phraseology. The word "fee" can be modified to show that the title was "conditional" on some occurrence or could be terminated ("determinable") upon a future event.. 2) a charge for services. (See: fee simple)

fee

(Charge), noun charge for services, compensation, compensation for labor, compensation for professional service, consideration, cost, disbursement, dues, exactment, expenditure, expense, fare, fixed charge, merces, payment, price, recompense, reward, toll, wage
Associated concepts: attorney's fee, counsel fees, reasonnble fee, splitting a fee

fee

(Estate), noun absolute inheritance, absolute interrst in realty, corporal hereditament, feod, feud, fief, hereditament, holding, interest, land, landed estate, landed property, lands, legal estate, property, real estate, real property, realty, right of possession, title, unconditional inheritance, unlimited inheritance, unrestricted inheritance, vested interest in land
Associated concepts: absolute fee, base fee, conditional fee, contingent fee, defeasible estate, determinable fee, fee simple, fee tail, limited fee, qualified fee
Foreign phrases: Feodum est quod quis tenet ex quaaunque causa sive sit tenementum sive redditus.A fee is that which any one holds from whatever cause, whether it be tenement or rent.
See also: advance, brokerage, charge, compensation, cost, due, excise, expense, fare, honorarium, pay, payment, pension, perquisite, price, rate, real estate, recompense, remittance, rent, reward, tax, toll, wage

fee

in English law an interest in land that was inheritable, but the term is now only relevant in the context of the phrase FEE SIMPLE ABSOLUTE IN POSSESSION. In Scots law, used to denote the full and unlimited right in capital or land that is otherwise subject to the personal servitude of a LIFE RENT.
References in periodicals archive ?
drove his pickup truck loaded with curtains to the Hatta checkpoint where he offered Dh50 in bribe to the customs inspector to allow him into Dubai without paying the required customary fees in May.
20, the Louisiana state legislature approved a set of appraisal management company rules that provide strong provisions regarding the payment of reasonable and customary fees that were put forth by the state's appraiser board.
The prevailing-charge files were also the source for the 50th percentile customaries in situations where a true customary fee was not present.
Tanay testified that if he didn't get paid his customary fee, he couldn't pay his two secretaries and his office overhead.
Casino officials have asked Florence to accept a saltwater byproduct from the casino's sewage treatment system - in exchange for the customary fee.
Over the four years the PPO has been in place, physicians have received about 106 percent of their usual and customary fee.
The Judge stated that the tenant failed to establish that there is a customary fee for summary proceedings such as this case.
For a given geographic area, a usual and customary fee was developed if four providers submitted at least three claims for each code.
If an appraiser is not paid a Reasonable and Customary fee and forced to comply with unrealistic turn-times for an appraisal assignment then the quality of the work product suffers," Vidi continued.
Every physician executive must know the mechanism by which usual and customary fee schedules are determined for his or her own practice, hospital, or company.
Unfortunately for the unsuspecting consumer, the restriction on total management fees to "no more than" the customary fee for an appraisal has driven many competent and experienced appraisers away from FHA and other mortgage programs, according to the groups.
Although nonmember CE customers will continue to pay the customary fee per CE offering, they will be able to take advantage of the new Online CE Center (http://www.