fee simple estate
. (324) Once this step is taken, the state's
ft.) / 0.07 Step 4: Contributory value of taking $1,714,286 Step 1 minus Step 3: $20,571,429 - $18,857,143 Exhibit 2 Case Study Example, Apportionment Calculation Apportionment of Interests Lessee's interest in fee simple estate
12.622% (Step 1 - Step 2) / Step 1 ($20,571,429 - $17,974,995) / $20,571,429 Lessor's residual interest in fee 87.378% simple estate (1 - 0.12622) Allocation of Award Lessee ($1,714,286 x 0.12622) $216,377 Lessor ($ 1,714,286 - $216,377) or $1,497,909 ($ 1,714,286 x 0.87378) Total Award $1,714,286 Exhibit 3 Case Study Example, Computation of Market Value of Lessee's Leasehold Interest Lessee's rental advantage (120,000 sq.
The fee simple register provides for the registration of estates in fee simple held by individual Nisga'a citizens through the Nisga'a Landholding Transition Act, against which easements, leases, life estates, mortgages of the fee simple estate
, mortgages of a lease, restrictive covenant, and, notably, transfers can be registered.
(154) If the distinction between the Aboriginal and fee simple estate
to date has rested on these defining characteristics, their melding in the NFA indicate that traditional notions of Aboriginal title will not be very relevant to its interpretation in the future.
Second, the article does not state or imply, and I do not believe, that a fee simple estate
is equivalent to the physical real estate being leased at market rent.
The degree of differences between contract and market rents and differences between actual and market occupancy in this volatile market make it more important than ever to understand how to reconcile property value differences between leased fee and fee simple estates
and to properly account for the impact of differences in rents and occupancy on the value of a property being appraised.
Appraising the market value of the fee simple estate
of a particular property is challenging.
One way is to be sure the rate is consistent with the implied rate for the fee simple estate
and the rent loss.
The public lands are held in fee simple estate
until an encumbrance is created through a lease or other vehicle.
The appraiser states that this negative effect is minor and concludes a nominal 1% of the fee simple estate
as market value to compensate the owner for the easement.
A fee simple estate
that may be terminated when a specified event occurs, which may be at any time or not at all.
Although all estates in real property are subject to, and limited by, the four powers of government (i.e., taxation, eminent domain, police power, and escheat), a fee simple estate
in real estate implies an absolute unencumbered ownership interest, whereas a leased fee estate implies an ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others.(11) When an appraisal of the market value of the real estate is required, a choice between fee simple and leased fee must be made, depending on the client's needs.