Fee simple estate definition
Fee simple estate means the largest possible estate allowed by law, an estate that has potentially infinite duration.
Fee simple estate will mean "full ownership interest" as that term is used in the Louisiana Civil Code. The term "condemnation" will include "expropriation" as that term is used in Louisiana law. The term "receiver" will include "keeper" as that term is used in Louisiana law. The term "county" will mean "parish" as that term is used in Louisiana. The term "conveyance in lieu of foreclosure" or "action in lieu thereof" will mean "giving in payment" as that term is used in the Louisiana Civil Code and "dation en paiement". The term "joint and several" will mean "solidary" as that term is used in the Louisiana Civil Code. The term "Uniform Commercial Code" will mean the Louisiana Commercial Laws, La. R.S. Section 10:9-101 et seq.
Fee simple estate means the largest possible estate
Examples of Fee simple estate in a sentence
Property Rights Appraised Fee simple estate and liquidation value based on a six month marketing period.
Property Rights Appraised: Fee simple estate Date of Inspection: July 11,2013 Effective Dates of Value: "As Is"- July 11, 20l3 Zoning: OR - Office/Research Parcel Number(s): 164-05500-043-9, new parcel #▇▇ ▇▇-▇▇-▇▇▇ 005.000-026 Excerpt from Appraisal Report of: ▇▇▇ ▇.
Property Rights Appraised: Fee simple estate Date of Inspection: July 11,2013 Effective Dates of Value: “As Is” - July 11, 2013 Zoning: OR – Office/Research Parcel Number(s): 164-05500-043-9, new parcel #7▇ ▇▇-▇▇-▇▇▇ 005.000-026 Excerpt from Appraisal Report of: D▇▇ ▇.
More Definitions of Fee simple estate
Fee simple estate means: “Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.” Dictionary of Real Estate Appraisal (Chicago, 5th Ed, 2010), p 278.
Fee simple estate. An absolute fee; a fee without limitations to any particular class of heirs or restrictions, but subject to the limitations of eminent domain, escheat, police power and taxation. An inheritable estate.