fee simple

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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.
References in periodicals archive ?
Wai'ula'ula at Mauna Kea Resort" will offer 102 luxurious fee-simple condominium residences in an attractive mix of detached single-family estates and attached single-level homes (see below) spread across more than 47 acres.
Starting at less than $100,000 Canadian ($77,500 US) people will be able to own one-quarter of a fee-simple, deeded condominium, theirs to use, rent or even sell.
Each RiverCamp is envisioned as a one- to two-acre home site sold in fee-simple, surrounded by and contiguous to lands to be preserved as conservation areas.
HoloHolo Ku will offer fee-simple, single-family homes with condominium ownership located on 8 acres of former Parker Ranch land, immediately southeast of the center of Waimea Town.