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
(7) As Fennell illustrates, for land, the fee simple is the
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.
This means, as with the first model, that the title held by the indigenous community is to a fee simple estate, and the property language of the settler state also permeates this model of agreement.
Amritpal Singh Gill's fee simple interest in a city lot in Surrey to Ms.
(4) In effect, the Court ruled that registering a charge, defined in British Columbia's Land Title Act (LTA) as any property interest less than a fee simple, (5) does not, to use a common metaphor, cure a defect in the charge.
Carlton also structured the sale of both fee simple interests with a long-term ground lease and buy back provision.
Jorgensen's letter--I conclude that only a fee simple interest equates to real estate value, not real property value, as there are a number of real property rights than can be valued.
Real estate investment trust Chesapeake Lodging Trust (NYSE:CHSP) and Hyatt Hotels Corporation (NYSE:H) disclosed on Thursday that the trust has acquired the fee simple interest in the Hyatt Santa Barbara and two adjoining properties with a total of 200 rooms, for USD61.0m.
Fee simple estate is defined in The Dictionary of Real Estate Appraisal as "absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat." (2) Fee simple estate addresses real estate ownership and, as such, is a concept--thus, it is intangible.
Specifically, Carlton, on behalf of Haim Revah's Metropolitan Real Estate Investors, arranged the sale of Lipstick and 292 Madison Avenue's fee simple interest to SL Green for $317 million and $70 million respectively, while simultaneously arranging 10-year, fixed rate leasehold mortgages.
In this type of market, it is highly unlikely that the leased fee value of a property will equal its fee simple value at stabilized occupancy.