Fee simple definition

Fee simple means an absolute estate or ownership in property, including unlimited power of alienation.

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Fee simple means an absolute estate or ownership in property including unlimited power of alienation, except as to any and all lands acquired or taken for highway, road, or street purposes. Where lands are taken for such purposes, "fee simple" shall not be deemed to include any oil, gas, or fluid mineral rights.

Fee simple means a legal fee simple absolute in possession;

Examples of Fee simple in a sentence

• Fee simple title to the Real Property shall be insurable as such by the Title Company at or below its regularly scheduled rates subject only to Permitted Title Exceptions.

• Fee simple interest in those certain parcels of real estate known as the Bank of America Building, located at 303 W.

• Fee simple title to the Property is vested in Seller; title is good and merchantable of record and title is free of all liens, encumbrances, easements, restrictions, claims of title, leases, adverse possession, condemnation and other matters except the Permitted Encumbrances set forth or identified in any exhibit hereto.

• Fee simple and easement acquisitions should be completed using approved Bureau conveyance document forms and include and incorporate the property survey by reference.

• It has, or will acquire, the following interest in the Real Property and, if applicable, the Facility, and, in addition, will possess all easements necessary for the operation, maintenance and management of the Real Property and, if applicable, the Facility in the manner specified in Section 2.03: Ownership Interest in the Real Property: Fee simple ownership of the Real Property.

More Definitions of Fee simple

Fee simple means absolute ownership in land, unencumbered by any other interest or estate.

Fee simple means full ownership; the term “personal property” shall mean movable property; the term “easement” shall mean servitude; the term “buildings” shall include other constructions; the term “fixtures” shall mean “component parts;” the term “county” shall mean parish; the terms “deed in lieu of foreclosure,” “conveyance in lieu of foreclosure” and words of similar import shall mean a dation en paiement; the term “tenancy at sufferance” in Section 29 shall mean a month to month tenancy and/or a reconducted lease; and the term “eminent domain” shall include “expropriation”.

Fee simple means an absolute estate or ownership in property including unlimited

Fee simple means the most absolute and unqualified interest that can be held in land and indicates that the owner is free to hold the land in perpetuity and transfer it without hindrance;

Fee simple means the estate in fee simple in possession in an hereditament free from any lesser estates or interests therein or any encumbrances thereon, or any burden, charge or restriction other than any restriction created by crown grant or by or under any law;

Fee simple. – means ownership of the full interest in real estate.

Fee simple means absolute perfect title. Frink v. Darst, 14 Ill. 304, 309 (1853). The term is one that defines “the quantity of the estate.” Id. Since 1913, the words “fee simple” have been in the enabling act governing forest preserve districts in Illinois. See Perkins v. Board of Commissioners, 271 Ill. 449, 456 (1916) (upholding the constitutionality of the Forest Preserve Act of June 27, 1913, which gave commissioners of forest preserve districts the power to acquire land, title to which shall be taken in fee simple absolute “by gift, grant, devise, or purchase, or by condemnation”). Between 1913 and 1977, the General Assembly amended the enabling act 10 times, preserving the words “fee simple” in each version. In this context, we acknowledge that “when the General Assembly amends a statute, portions of the old law which are repeated *** are regarded as a continuation of the existing law and not the enactment of new law upon the subject.” People ex rel. Brenza v. Fleetwood, 413 Ill. 530, 547 (1952). In 1977, the Illinois legislature passed the District Act, which pertained to counties of 3 million or more people, while the original enabling act pertained to the rest of the state. 70 ILCS 805/6 (West 2012); see 80th Ill. Gen. Assem., House Bill 1603, 1977 Sess.