WebApr 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. If the condition is breached, the property reverts to the grantor or their heirs. WebFeb 24, 2024 · A fee simple defeasible is a form of freehold estate that puts more limitations on the owner compared to a fee simple absolute. With this real estate, owning the land comes with certain conditions. For example, you may have to use the property for a specific purpose. If you don’t follow through, you could lose ownership.
Defeasible legal definition of defeasible - TheFreeDictionary.com
WebApr 7, 2024 · Yes, there are two categories of fee simple property interests, including fee simple defeasible and fee simple absolute. A fee simple defeasible is a fee simple which has the possibility of ending with the violation of a condition. A fee simple defeasible can sometimes be confusing because it is easy to assume that if the interests cannot end ... Webdefeasible fee (plural defeasible fees) 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. … in stock andersen windows
Possessory estate Wex US Law LII / Legal Information …
WebThe meaning of BASE FEE is a determinable fee; broadly : a defeasible fee-simple estate (such as a conditional fee). WebMay 29, 2024 · 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. …. Fee simple is the highest form of property ownership. WebDefeasible. Potentially subject to defeat, termination, or Annulment upon the occurrence of a future action or event, or the performance of a condition subsequent.The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the ... joan in chinese