Fee simple absolute financial definition of Fee simple absolute
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The maximum possible interest (estate) one can possess in real property is the fee simple absolute.It is unlimited as to duration,transferability,and descendability to heirs.Lesser types of fee simple estates include the fee simple defeasible and the fee simple determinable,both of which may result in loss of the property upon the happening of some event in the future.
References in periodicals archive
railroads received only qualified fees and not fee simple absolute
Legal provisions grant the EDA the right to lease or sublease, but not sell, its interest in the jail; in contrast, it has the right to sell its leasehold interest in the governmental projects but may not convey a fee simple absolute
P&W's fee simple absolute
title to the 33-acre parcel was confirmed by the Rhode Island Supreme Court in 1999, and its fee simple absolute
title to the 12-acre parcel was confirmed by the Rhode Island Superior Court in 2000.