fee simple


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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 ?
7) As Fennell illustrates, for land, the fee simple is the
This means, as with the first model, that the title held by the indigenous community is to a fee simple estate, and the property language of the settler state also permeates this model of agreement.
Now, after Gill, even when the instrument creating the mortgage is apparently valid (where it has been executed by the person registered as the holder of the fee simple interest) the mortgage will be invalid if the registered title holder is fraudulently on title.
Many states require assessments to be based on fee simple valuations.
Should the discount rate be higher or lower than the rate that might be used in a discounted cash flow analysis to find the occupied fee simple value?
If we proceed from the assertion that appraising the fee simple value is the appropriate methodology, then how should market rent be treated?
Assume, in the fee simple case, that the building has no lease, is vacant, and is for sale.
Specifically, Carlton, on behalf of Haim Revah's Metropolitan Real Estate Investors, arranged the sale of Lipstick and 292 Madison Avenue's fee simple interest to SL Green for $317 million and $70 million respectively, while simultaneously arranging 10-year, fixed rate leasehold mortgages.
25 acres of its property in fee simple to the city for the construction of a water tower.
Numerous other factors contributed to the strong appeal of this portfolio, including the fee simple interests, the rebranding opportunities, the upside potential through renovations and the potential recapture of the management fee-income stream.
According to the developer ofKST Investments, buyers who have had their own attorney review the documents for Shoreline have not reported any difficulties with them; a clear and unencumbered title is available at Shoreline and fee simple is the type of ownership being offered.
Table 1 Paired Data Analysis without Adjustments for Concessions Subject Sale price Refinance Sale price/GLA N/A Value adjustments Description Sale-financing concessions Assume none Date of sale/time Now Location Lawndale Estates Leasehold/Fee simple Fee Simple Site/View .