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 ?
3) This is so, she argues, because the fee simple gives
For example, one result of the restrictions on alienation contained in the Nunavut Final Agreement must be that the registrar has a duty not to register a transfer in registrable form that purports to transfer an estate in fee simple of Inuit Owned Lands from a Designated Inuit Association to a transferee who is not another Designated Inuit Association or another government.
The questions for the court were these: where the holder of the fee simple is a rogue and registered on title because of forgery or other fraud, do innocent mortgagees, who take their mortgages from the registered title holder (the rogue), hold interests that are impervious to the claim of the person wrongfully deprived of his or her title because of fraud?
It is correct that a lease never increases the market value of real property rights to the fee simple estate and that any potential value increment in excess of a fee simple estate is attributable to the particular lease contract.
The advantage of this approach is that the "as if stabilized market value" is often much easier to estimate and all three valuation approaches can often be applied, resulting in a reliable value indication for the theoretical fee simple estate.
Most assessment jurisdictions and condemnation proceedings require a determination of fee simple market value, which often invokes a jurisdictional exception when appraising a leased property.
92% and Carlton also structured a 70-year sale leaseback and ground lease with a buy back provision on the fee simple interest.
Lennhoff's approach for the valuation of the fee simple estate (the fee simple estate being the estate where the $2 million lease is not in place) is to put the lease aside, as though it did not exist.
Michaels announced that Carlton has arranged the approximate $500 million sale of the fee simple interests on two Manhattan trophies, the Lipstick Building and 292 Madison Avenue.
When a landowner conveyed a parcel in fee simple together with an access easement limited to certain uses, the use restrictions did not apply to the parcel, according to the Supreme Court of Georgia.