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fee simple
(redirected from Fee simple estate)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
fee simple
An inheritable, possessory interest in land which may endure until the death of all lineal and collateral heirs of the first owner and which may be freely conveyed by its owner.


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Fee simple estate is defined as: Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.
This loan was absolute on its face and seemed a fee simple estate.
The areas of disagreement revolve around the use of market value sales data, the application of the fee simple estate ownership, and the fairness and equality of valuations.
 
 
 
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