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fee simple
(redirected from Fee simple absolute)

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
fee simple

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.



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22) Courts have been remarkably inconsistent in their treatment of FGROW, holding that some grants conveyed fee simple absolute to the railroads with no retained interest by the federal government, that others conveyed fee simple determinable with an implied possibility of reverter upon abandonment, and that others conveyed an easement.
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 title.
Following are the legal requirements for marketable title: (1)Seller has actual title to the property in fee simple absolute (the most complete form of real property ownership) (2)The title is free from encumbrances (mortgages, leaseholds, etc.
 
 
 
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