fee simple

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Related to Fee title: fee simple, Fee simple estate

Fee Simple

The greatest possible estate in land, wherein the owner has the right to use it, exclusively possess it, commit waste upon it, dispose of it by deed or will, and take its fruits. A fee simple represents absolute ownership of land, and therefore the owner may do whatever he or she chooses with the land. If an owner of a fee simple dies intestate, the land will descend to the heirs.

The term fee used independently is an adequate designation of this type of estate in land. The term simple is added to distinguish clearly this estate from other interests in real property.

fee simple

n. absolute title to land, free of any other claims against the title, which one can sell or pass to another by will or inheritance. This is a redundant form of "fee," but is used to show the fee (absolute title) is not a "conditional fee," or "determinable fee," or "fee tail." Like "fee" it is often used in deeds transferring title as in "Harry Hadit grants to Robert Gotit title in fee simple..." or similar words. (See: fee)

fee simple

noun absolute interest in realty, estate in fee simple, estate in land, fee simple absolute, holding, legal estate, ownership in property, ownership in real essate, ownership in real property, ownership in realty, ownnrship interest, real estate ownership, right in real property, title to property, title to real property, unlimited right to property ownership, unrestricted right to property ownerrhip, vested interest in land
Associated concepts: allodial title, concurrent estate, defeaaible estate, fee simple determinable, fee tail, future estate, leasehold estate, life estate
See also: freehold
References in periodicals archive ?
In California, the FWS has worked extensively with local landowners in cooperative partnerships to protect and manage wintering habitat on private land through fee title acquisition, easements, and voluntary programs.
Although the Company does not own fee title to the Continental Towers property, the Company has a significant economic interest in the Property through its ownership of the Junior Loan secured by the property, and the Company consolidates the Property's operations into its financial statements and accounts for it as an owned property.
However, when the organization owns the fee title to its property (either by owning the building or a commercial condominium unit), it is typically exempt from any real estate taxes.
In addition, the fee title ownership of Continental Towers was modified to among other things, remove Casati from the ownership structure of Continental Towers.
0 million in cash attributed to the value of the fee title to E-Babylon's fulfillment center.
Potlatch Corporation retains fee title ownership over the land and will continue to manage its core forestland for the output of timber products, employing sustainable forestry practices on all lands placed in conservation easements.