![]() |
||||||||||||||||
|
||||||||||||||||
|
Fee farm
Fee farmEnglish law. A perpetual farm or rent. RELATED TERMS-------------------------------------- Law A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system. Perpetual That which is to last without limitation as to time. Rent Estates, contracts. A certain profit in money, provisions, chattels, or labor, issuing out of lands and tenements in retribution for the use. SIMILAR TERMS-------------------------------------- Fee farm rent Contracts. English law. When the lord, upon the creation of a tenancy, reserves to himself and his heirs, either the rent for which it was before let to farm, or at least one-fourth part of that farm rent, it is called a fee farm rent, because a farm rent is reserved upon a grant in fee. Fee simple The most extensive tenure allowed under the feudal system allowing the tenant to sell or convey by will or be transfer to a heir if the owner dies intestate. In modern law, almost all land is held in fee simple and this is as close as one can get to absolute ownership in common law. Fee simple absolute The most complete, unlimited form of ownership of real property. Fee simple estate Absolute ownership unencumbered by an other interest or estate; subject only to the limitations of eminent domain, escheat, police power, and taxation. Fee tail A form of tenure under the feudal system that could only be transferred to a lineal descendant. If there were no lineal descendants upon the death of the tenant, the land reverted back to the lord. PREVIOUS AND NEXT TERMS-------------------------------------- Federal communications commission (FCC) A federal agency which regulates interstate and foreign communications by wire and radio. Federal deposit insurance corporation (FDIC) An agency which insures deposits in banking institutions in the event of financial failure. Federal mediation and conciliation service An agency which provides mediators to assist in labor-management disputes. Federal register A daily publication which contains federal administrative rules and regulations. Fee 1) Feudal law. An allotment of land in consideration of military service; land held of a superior, on condition of rendering him service, the ultimate property remaining in him. Oppossed to allodium. 2) An estate of inheritance - the highest and most extensive interest a man can have in a feud. Fee farm Fee farm rent Contracts. English law. When the lord, upon the creation of a tenancy, reserves to himself and his heirs, either the rent for which it was before let to farm, or at least one-fourth part of that farm rent, it is called a fee farm rent, because a farm rent is reserved upon a grant in fee. Fee simple The most extensive tenure allowed under the feudal system allowing the tenant to sell or convey by will or be transfer to a heir if the owner dies intestate. In modern law, almost all land is held in fee simple and this is as close as one can get to absolute ownership in common law. Fee simple absolute The most complete, unlimited form of ownership of real property. Fee simple estate Absolute ownership unencumbered by an other interest or estate; subject only to the limitations of eminent domain, escheat, police power, and taxation. Fee tail A form of tenure under the feudal system that could only be transferred to a lineal descendant. If there were no lineal descendants upon the death of the tenant, the land reverted back to the lord. We thank you for using the Juridical Dictionary to search for Fee farm. If you have a better definition for Fee farm than the one presented here, please let us know by making use of the suggest a term option. This definition of Fee farm may be disputed by other professionals. Our attempt is to provide easy definitions on Fee farm and any other medical topic for the public at large.
|
|||||||||||||||
| © Juridical Dictionary 2005. All rights reserved. | ||||||||||||||||