Fee Simple
An interest in land. Land owned in fee simple is owned completely, without any limitations or conditions. This type of unlimited estate is called absolute. A fee simple is generally created when a deed gives the land with no conditions, usually using the words like "to John Doe" or "to John Doe and his heirs".
Contrast with more restrictive interests in land, like a life estate or fee tail.
Definition from Nolo’s Plain-English Law Dictionary
An old term meaning complete ownership of real estate. Owners with fee simple have no legal restrictions on their freedom sell the property, give it away, or leave it at death. it is sometimes used in real estate deeds, as in "Harry Hernandez grants to Roberta Irving title in fee simple . . ." Compare: fee tail
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm
