fee simple

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Related to Fee simple estate: Leasehold estate

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 ?
In the appraisal of rural and agricultural properties, one or more property rights are usually encumbered or have been severed from the fee simple estate.
97) Alternatively, it is possible for the registered holder of a Nisga'a Nation entitlement or a Nisga'a Village entitlement to be offered, or to request, that the entitlement be transitioned to a fee simple estate.
The ground lease should be clear that no merger of the tenant's leasehold estate and the landlord's fee simple estate will occur without the written consent of all parties with interests in the ground lease, including the leasehold mortgagee.
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.
Pursuant to the Nisga'a Nation Entitlement Act and the Nisga'a Village Entitlement Act, a Nisga'a Village Government may grant an entitlement within its Nisga'a Village Lands in which the Nisga'a Village owns the fee simple estate.
An 8% overall capitalization rate was estimated to convert the net operating income into a value estimate of $7,235,000 for the hypothetical fee simple estate via the income approach.
In this discussion, the vacancy issue for fee simple estate valuation is ignored.
According to the article, the primary reason for this is that the difference between leased fee and fee simple creates external/functional obsolescence to the fee simple estate.
The authors' approach becomes clear when rent shortfalls are addressed for what they are: negative cash flow to the fee simple estate.
The appraiser estimated the market value of the fee simple estate before the easement to be $100,000.
A fee simple estate that may be terminated when a specified event occurs, which may be at any time or not at all.
taxation, eminent domain, police power, and escheat), a fee simple estate in real estate implies an absolute unencumbered ownership interest, whereas a leased fee estate implies an ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others.