fee simple

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Related to Fee title: fee simple, Fee simple estate

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 ?
Although campus facilities are controlled and operated by the system, or member universities, a large portion of the capital support is not reflected in the system's financial statements given that the commonwealth retains fee title for many campus facilities.
Purpose and Justification: This component of the County%s Land Conservation Vision is designed to primarily protect water quality and wildlife habitat and to make sure these multi-purpose corridors are preserved by acquiring conservation easements on private lands, assisting other public entities such as the Minnesota Department of Natural Resources or cities, or to acquire fee title of significant areas outside of the regional park and greenway system.
The loan was secured by the fee title on the property in Montreal, Quebec.
Negotiations are underway to acquire either a conservation easement or fee title for an additional 20 acres (8 ha) of land to protect other sensitive habitat.
The most basic form of policy is the Fee Title Insurance Policy.