fee simple

(redirected from Fee-simple)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

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.

References in periodicals archive ?
NYSE: ALEX), announced today that it has begun sales of 65 light industrial, fee-simple lots at its 179-acre Maui Business Park - Phase II (MBP-II) development in Kahului, Maui.
In their reaction to the excesses of our fee-simple property-rights system and our clumsy attempts to protect the public interest through police power, economic intervention, and public land reservations, I expect they will opt for a model that again resembles feudalism.
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.
Aventura markets fee-simple deeded lots in a controlled density resort environment with amenities designed for the lifestyle needs of today's motorcoach owner.
Morgan Stanley Mortgage Capital provided the loan which is secured by the owner's fee-simple interest in the property.