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 ?
Nestled in the heart of downtown Honolulu's financial district, Harbor Court has sat patiently during the last four years while the city and the building's owners negotiated the purchase of the fee-simple interest land the high-rise sits on.
After struggling to explain the almost unlimited rights of American fee-simple ownership, I realized how much I had forgotten about the evolution of land ownership and tenure and how I had taken for granted the deep roots of English common law.
The Savills Hospitality Group--a US-based unit of Savills international real estate services firm--has been retained to market the fee-simple interest in the MAve Hotel located at 62 Madison Avenue on the corner of 27th Street.