Defeasible fee definition
WebThe meaning of BASE FEE is a determinable fee; broadly : a defeasible fee-simple estate (such as a conditional fee). Defeasible Fee Simple. A defeasible fee simple is a fee simple estate that could be removed for a reason established in the granting document. If an event or happening occurs, the transfer could be void. There are three kinds of defeasible fee simple estates: Fee Simple Determinable: The See more A life estate grants the holder use of the estate for the duration of a life, often that of the tenant. At the end of the life, the estate will transfer to another by a reversion (if to the grantor) or remainder (if to another). See … See more The Fee Tailis an antiquated system designed to establish family dynasties which require the land to be passed to the blood heirs. This has … See more Fee Simple Estatesare the most common and grant a complete interest in land (its yours to be used without conditions or limitations). There are two kinds of Fee Simple: Absolute or Defeasible. See more
Defeasible fee definition
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WebMay 20, 2024 · A fee simple defeasible is a conveyance of property that has conditions placed on it. The holder of a fee simple defeasible possesses the property as a fee simple subject to that condition. If the condition is violated or not met, then the property will either go back to the original grantor or a specified third party. WebDefeasible-fee definition: (law) An estate in land that may be divested from its current owner upon the occurrence of an event set forth by the grantor in the grant .
WebOct 23, 2024 · The legal definition of a defeasance clause is a contractual provision where a lender promises to provide the borrower full title to property upon full payment of ... Some states follow the common law … WebDefinition of "Fee simple estate". Fee simple estate is a term used to describe ownership or freehold of an estate and the type of ownership of an estate. The possessory interest, also referred to as fee (a word derived from “fief”, a feudal landholding), is inherited, vested, or presented to the holder. It can be limited or unlimited ...
WebMar 2, 2024 · The defeasible fee estate, or the fee simple defeasible, refers to certain conditions in freehold estate ownership. Conditions can restrict an owner of this property to use it only in a certain way. WebA fee simple defeasible is a special condition found in some deeds. This term applies to any condition where ownership of the property is dependent on the occurrence or non …
Webdefeasible fee simple estate. d. absolute fee simple estate. A d. absolute fee simple estate. 5 Q The distinguishing feature of a defeasible fee simple estate is that. a. it can be passed on to heirs. b. it has no restrictions on use. c. the estate may revert to a grantor or heirs if the prescribed use changes. d. it is of unlimited duration.
WebDefeasible estate. A defeasible estate is created when a grantor transfers land conditionally. Upon the happening of the event or condition stated by the grantor, the … dawson creek ky tornadoWebA defeasible estate is created when a grantor transfers a land on the happening of an event or a condition stated by the grantor. This means that the estate is subject to the occurrence or non-occurrence of some events specified by the grantor. 2. fee simple subject to an executory limitation or interest; and. gathering of the juggalos locationWebWe found 4 dictionaries with English definitions that include the word defeasible fee: Click on the first link on a line below to go directly to a page where "defeasible fee" is defined. General (2 matching dictionaries) defeasible fee: Wiktionary [home, info] defeasible fee: Dictionary.com [home, info] Business (2 matching dictionaries) dawson creek law courtsWebDefinition of defeasible in the Definitions.net dictionary. Meaning of defeasible. What does defeasible mean? Information and translations of defeasible in the most comprehensive dictionary definitions resource on the web. ... defeasible estate; defeasible fee; defeasible reasoning; defeasibly; defeat; Alternative searches for … dawson creek kodiaks playoff scheduleWebApr 3, 2024 · Defeasible Fee Simple: This type of freehold estate includes terms and conditions that limit the owner's rights to some extent. For instance, a deed that grants a school the right to own property as long as it remains a school is considered a Defeasible Fee Simple. ... Understanding its definition, types, and benefits can help individuals … gathering of the juggalos ticketsWebDefine defeasible. defeasible synonyms, defeasible pronunciation, defeasible translation, English dictionary definition of defeasible. adj. Capable of being annulled or invalidated: a defeasible claim to an estate. de·fea′si·bil′i·ty n. ... Related to defeasible: determinable, defeasible fee, fee simple defeasible. de·fea·si·ble dawson creek land for saleWebDec 9, 2024 · The Legality of Defeasible Fees . If a transfer of real estate is qualified by a "condition subsequent," such as the new owner cannot do something, the former owner … dawson creek kodiaks schedule