fee simple or fee absolute or fee simple absolute
absolute ownership of real property ; owner is entitled to the entire property with unconditional power of disposition during his life, and upon his death the property descends to his designated heirs.
FEE SIMPLE - The maximum possible estate one can possess in real property. A fee simple estate is the l...
FEE SIMPLE ABSOLUTE - The maximum possible estate or right of ownership of real property, continuing fo...
Fee Simple - The greatest possible interest a person can have in real estate, which includes the right to dispose of the property or pass it on to one's heirs.
Finance Charge - The cost of consumer credit as a dollar amount.
Fee simple: An estate of indefinite duration, that can be freely transferred. The most common and perhaps most absolute type of estate, under which the tenant enjoys the greatest discretion over the disposition of the property.
Fee Simple Defeasible
When a person has outright ownership of real estate (free of any liens or other claims against title), but the use of the property is restricted.
Fee Simple, and
Life Estate.
Joint Ownership
Community Property,
Joint Tenancy With Right Of Survivorship,
Tenancy By The Entireties, and
Tenancy In Common.
Estates may have different types of "interests" defined by the deed. The most common type of estate is a "fee simple" estate where it can be freely and "simply" bought and sold. Your house may be a "fee simple" estate.
Encumbrance
Anything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.
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The right to use, occupy and own for the life of an individual. Related: fee simple.
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WARRANTY DEED A deed used in many states to convey good fee simple title to real property.
Estate in which ownership is for an indeterminate length of time. Unlimited interest in a property. Freehold estates include freehold in deed, a fee simple estate; freehold in law, an inheritable estate; and determinable freeholds, a life estate.
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)
Federal National Mortgage Association (FNMA or Fannie Mae)
Federal Housing Administration (FHA)
Fee simple
Freehold
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property, were titles of honor, heirlooms, and advowsons, i.e., rights to sell ecclesiastical benefices. The manner in which realty is owned is called an estate; specifically, ownership is a fee of some sort, for example, an estate in fee simple (see ...
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