Fee simple estate definition

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 allowed by law, an estate that has potentially infinite duration.
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.

Examples of Fee simple estate in a sentence

  • Fee simple estate is the unencumbered ownership of real property limited only by the four powers of government: taxation, police power, eminent domain, and escheat.

  • Fee simple estate is defined by the Dictionary of Real Estate, 2nd Ed. (published by the Appraisal Institute) as: “an absolute ownership unencumbered by any other interest of estate subject only to the four powers of government.” In some properties where existing leases are in place, the Fee Simple interest is appraised subject to leasehold.

  • Fee simple, estate in perpetuity, life estate, State lease, temporary occupation licence The estate in perpetuity, State lease and the temporary occupation licence (not an interest in land but a mere temporary right of occupation granted by the State) are creations of statute, created by the State Lands Act.

  • Fee Simple Interests Fee simple estate is defined as an 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.

  • According to The Dictionary of Real Estate Appraisal, Fifth Edition, 2010, by the Appraisal Institute, Fee simple estate - 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.

  • Fee simple estate and native title in the following lands and water: All that piece or parcel of land situated in the Local Government Areas of Wollongong City and Shellharbour City, Parish of Wollongong and County of Camden, being Lot 1 shown in Deposited Plan 1100879.

  • Support to indirectly affected people: The Almaty Oblast Department of Roads will give due consideration to measures intended to support existing communities along the original Almaty-Khorgos Road are given opportunities to benefit from the new road by allocating sites and facilities into the proposed rest areas, and by signs on the new road advising of nearby local services.

  • INTEREST VALUED: Fee simple estate which is defined as "Absolute ownership unencumbered by any other interest or estate; subject only to the limitations of eminent domain, escheat, police power, and taxation." EFFECTIVE DATE OF VALUE: March 16, 2013 DATE OF REPORT: March 16, 2013 SALES HISTORY: No sales or open market transactions were reported for the individual or subject property or are known to have taken place within the past three years.

  • Fee Simple Determinable (F.S.D.): Fee simple estate so limited that it will automatically end when some specified event happens.

  • Tar River Estates LOCATION: 1725 East 1st Street Greenville, North Carolina INTENDED USE OF ASSIGNMENT: Court Settlement PURPOSE OF APPRAISAL: "As Is" Market Value of the Fee Simple Estate INTEREST APPRAISED: Fee simple estate DATE OF VALUE: May 14, 2003 DATE OF REPORT: June 30, 2003 PHYSICAL DESCRIPTION - SITE & IMPROVEMENTS: SITE: Size: 14.84 acres, or 646,430 square feet Assessor Parcel No.: 22131 Floodplain: Community Panel No. 3701910010B (April 30, 1986) Flood Zone C, an area outside the floodplain.


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 means the largest possible estate

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