fee simple (Meaning)
Wordnet
fee simple (n)
a fee without limitation to any class of heirs; they can sell it or give it away
Synonyms & Antonyms of fee simple
No Synonyms and anytonyms found
fee simple Sentence Examples
- A fee simple is an absolute and unconditional ownership of land in perpetuity.
- Under a fee simple, the owner has the right to use, enjoy, and dispose of the land as they wish.
- A fee simple is the most complete and comprehensive form of land ownership.
- In most jurisdictions, a fee simple is created by a deed that expressly states that the land is conveyed in fee simple.
- A fee simple can be transferred by deed, gift, inheritance, or other legal means.
- A fee simple can be encumbered by a mortgage, lien, or other legal interest.
- A fee simple can be terminated by a court order, such as in a foreclosure or eminent domain proceeding.
- A fee simple can also be terminated by a voluntary surrender of the property to the government or another entity.
- A fee simple is considered to be a valuable asset and is often used as collateral for loans.
- The concept of fee simple is an important part of the law of real estate.
FAQs About the word fee simple
a fee without limitation to any class of heirs; they can sell it or give it away
No synonyms found.
No antonyms found.
A fee simple is an absolute and unconditional ownership of land in perpetuity.
Under a fee simple, the owner has the right to use, enjoy, and dispose of the land as they wish.
A fee simple is the most complete and comprehensive form of land ownership.
In most jurisdictions, a fee simple is created by a deed that expressly states that the land is conveyed in fee simple.
