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 ?
Subsequent to purchasing the mortgage, Savanna was able to negotiate a deed in lieu with the previous owner to obtain fee title to the building.
The Ducktrap Coalition, a private conservation group dedicated to the protection of riparian habitat along the Ducktrap River in Maine, has announced that 80 percent of the streamside habitat is now protected either through fee title or conservation easement.
Atlantic Salmon (Salmo salar) The Ducktrap Coalition, a private conservation group dedicated to the protection of riparian habitat along the Ducktrap River in Maine, has announced that 80 percent of the streamside habitat is now protected either through fee title or conservation easement.
In such an event, the parcels to which the railroad has fee title are diminished in value and may possess only liquidation value.