Base Fee


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Base Fee

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.

References in periodicals archive ?
For the period from 1 April 2019 to 30 June 2019, the Company has elected to receive 100% of the base fee component of its management fee in the form of Units.
The Rs5,000 base fee, which was the monthly tuition fee in 2017, is the benchmark for making annual increases.
Officials said that all private schools and colleges charging above Rs5,000 had been directAed by PEIRA to submit their grade-wise base fee charged during the academic years of 2017 to 2019.
For the Province of Sindh, fees may be recalculated using the fee prevailing on 29.06.2017 as the base fee and onwards, in accordance with the Rules of 2005 (gazetted on 29.06.2017).
The court said for the province of Sindh, fees may be recalculated using the fee prevailing on 29.06.2017 as the base fee and onwards, in accordance with the Rules of 2005 (gazetted on 29.06.2017).
The issue price of the Units for payment of the base fee, property management fee and lease management fee is based on the volume weighted average price for a Unit for all trades on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last ten business days of the relevant period.
Owners demanded lower base fees and changes to the incentive fee so that it is based on certain levels of performance being reached or subordinated to an owner's return.
For comparison, Joshua is currently worth nearly [pounds sterling]50m after his stoppage victory over Joseph Parker, which pocketed him a cool [pounds sterling]18m as an initial base fee.
Kirklees Cabinet will be asked to approve the weekly base fee for the independent residential and nursing homes, with the increase coming into force on April 6.
The proper formula to determine an AAA filing fee for a claim above $10 million is a base fee of $12,800, plus .01 percent of the amount above $10 million.
The median base fee level for FTSE100 chairmen was PS361,000 in 2013, which is broadly flat compared to 2012 (PS360,000).
California exchange managers are hoping to set the base fee for plans selling coverage through the individual exchange market at 3 percent of premiums and assess the fee on a per-member, per-month basis.