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fee |
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fee, in property law: see property property, rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective. The rightful possession of such rights is called ownership.
..... Click the link for more information. ; tenure tenure, in law, manner in which property in land is held. The nature of tenure has long been of great importance, both in law and in the broader economic and political context. ..... Click the link for more information. . feeIn law, an inheritable freehold estate in real property (see real and personal property). The word derives from fief, as used in feudal law. Modern property law includes several varieties of fee, including fee simple (alienable and of indefinite duration), fee tail (granted to an individual and his or her descendants but subject to reversion if a tenant dies with no descendants), and life fee or life estate (held only during the lifetime of the grantee). fee 1. Property law a. an interest in land capable of being inherited b. the land held in fee 2. (in feudal Europe) the land granted by a lord to his vassal 3. in fee a. Law (of land) in absolute ownership b. Archaic in complete subjection fee Remuneration for professional work. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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