Fee-simple definition
An estate in land of which the inheritor has unqualified ownership and power of disposition.
noun
Absolute ownership of real property with unrestricted rights of disposition.
noun
At common law, the broadest possible ownership interest in real estate, inheritable by any heir of the owner.
noun
A fee simple with no conditions placed upon it and that will endure as long as there are descendants of the original owner to inherit it.
A fee simple that is terminable despite the existence of heirs, because of the occurrence of a particular event or condition.
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A fee simple that terminates and reverts to the grantor upon the occurrence of a particular event or condition; commonly a grant of property to be used for charitable purposes and that reverts if no longer used in this way.
Alternative spelling of fee simple.
noun
Private ownership of real estate in which the owner has the right to control, use, and transfer the property at will.
noun
Other Word Forms
Noun
Singular:
fee-simple
Plural:
fees simpleOrigin of fee-simple
- From Old French fief simple
From Wiktionary