Question: What Is Another Term For Fee Simple?

What are the two types of fee simple estate?

Fee simple estates, like all estates, remain subject to government restrictions and private interests.

There are two forms of fee simple estate: absolute and defeasible..

Who is the fee simple owner?

What is fee simple? Fee simple is a term that refers to real estate or land ownership. The owner of the property has full and irrevocable ownership of the land and any buildings on that land. He is free to do whatever he wishes on the land subject to local zoning ordinances.

What are the two types of fee simple Defeasible?

Are There Different Types of Fee Simple Defeasible? Fee Simple Determinable. A fee simple determinable automatically ends the interest in the property when a condition is violated or not met. … Fee Simple Subject To Condition Subsequent. … Fee Simple Subject To Executory Limitation.

What is an example of fee simple Defeasible?

For example: To A for as long as the property is used for a museum. A has a fee simple determinable, and will hold the land for as long as it is a museum; the grantor holds a possibility of reverter. … A has a defeasible fee simple estate subject to a condition subsequent, and the grantor has a right of entry.

What is a life estate quizlet?

A “life estate” is ownership of real property for the duration of someone’s life. In other words the owner of the life estate (LIFE TENANT) enjoys all of the rights of ownership for as long as they live.

Which of the following is an economic characteristic of real property?

The four economic characteristics of land that affect its value as a product in the marketplace are Scarcity, Improvements, Permanence of Investment, and Location or Area Preference.

What is the opposite of youth?

youth(noun) The quality or state of being young. Her youth and beauty is what attracted him to her. Antonyms: senility, age, dotage, old age.

What is fee simple absolute quizlet?

Fee Simple Absolute (Defined) Absolute ownership. It is of potentially infinite duration with no limitations on its inheritability, and it cannot be divested or end on the happening of any event.

What is another word for fee?

Synonyms of feeante,charge,cost,damage,figure,freight,price,price tag.

What is a synonym for the word simple?

SYNONYMS. straightforward, easy, uncomplicated, uninvolved, effortless, painless, manageable, undemanding, unexacting, elementary, child’s play, plain sailing, a five-finger exercise, nothing.

What is the meaning of remuneration?

Remuneration is payment or compensation received for services or employment. This includes a base salary and any bonuses or other economic benefits that an employee or executive receives during employment.

What does in fee simple mean?

interest in landAn 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”.

What is another name for a fee simple determinable estate?

The highest form of ownership recognized by the law. Another name for fee simple estate. … Also referred to as determinable, conditional or qualified fee. A defeasible fee creates an encumbrance on the title and runs with the land. There are two types: conditional fee or determinable fee.

What is the difference between a fee simple estate and a life estate?

A land owner of an estate cannot give a “greater interest” in the estate than he or she owns. That is, a life estate owner cannot give complete and indefinite ownership (fee simple) to another person because the life tenant’s ownership in the property ends when the person who is the measuring life dies.

What do you call a simple person?

simpleton. A simpleton is an idiot — a person without much common sense or intelligence. However, the word simple implies more than lack of intelligence; it suggests being innocent or naive too.

What is another term for fee simple quizlet?

What is another term for fee simple estate? Estate of inheritance.

Why is it called fee simple?

Fee simple ownership. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. A fee simple buyer is given title (ownership) of the property, which includes the land and any improvements to the land in perpetuity.

What do you call a fee paid for a service?

Fee-for-service (FFS) is a payment model where services are unbundled and paid for separately. In health care, it gives an incentive for physicians to provide more treatments because payment is dependent on the quantity of care, rather than quality of care.

What is the antonym of simple?

simple(a) Antonyms: complex, complicated, intricate, artful, crafty, elaborate. Synonyms: incomplex, uncompounded, single, elementary, uncombined, mere, plain, unaffected, artless, naïve, unsophisticated, credulous, gullible, silly, oafish.

What is the opposite of fee simple?

A Lessee gives compensation to the Lessor for the rights of use and enjoyment of the land much as one buys fee simple rights; however, the leasehold interest differs from the fee simple interest in several important aspects.