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Fee simple
Fee simpleThe 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. RELATED TERMS-------------------------------------- Tenure Estates. The manner in which lands or tenements are holden. 2. According to the English law, all lands are held mediately or immediately from the king, as lord paramount and supreme proprietor of all the lands in the kingdom. Feudal A term applied to whatever concerned a feud; as feudal law: feudal rights. Tenant Estates. One who holds or possesses lands or tenements by any kind of title, either in fee, for life, for years, or at will Convey To transfer property to someone by selling it or by other means. Will A will is a legal document in which a person directs how his property is to be distributed after his death. Such documents must be executed in due form and must be duly witnessed. Transfer Contracts The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter. Heir One born in lawful matrimony, who succeeds by descent, and right of blood, to lands, tenements or hereditaments, being an estate of inheritance. It is an established rule of law, that God alone can make an heir. According to many authorities, heir may be nomen collectivuum, as well in a deed as in a will, and operate in both in the same mannar, as heirs in the plural number. Owner Property. The owner is he who has dominion of a thing real or person-al, corporeal or incorporeal, which he has a right to enjoy and to do with as he pleases, even to spoil or destroy it, as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right. Dies A day. There are four sorts of days: 1) A natural day; as, the morning and the evening made the first day. 2) An artificial day; that is, from day-break until twilight in the evening. 3) An astrological day, dies astrologicus, from sun to sun. 4) A legal day, which is dies juridicus, and dies non juridicus. Intestate One who, having lawful power to make a will, has made none, or one which is defective in form. In that case, he is said to die intestate, and his estate descends to his heir at law. 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. Simple Not compounded, alone; as, simple interest, which is interest on the principal sum lent only and not interest on the interest; simple contract, &c. Close Signifies the interest in the soil, and not merely a close or enclosure in the common acceptation of the term. Absolute Without any condition or encumbrance, as an "absolute bond,"simplex obligatio, in distinction from a conditional bond; Ownership Title to property. The right by which a thing belongs to some one in particular, to the exclusion of all other persons. Common marriage law. a marriage in which no formal ceremony took place and no license exists. SIMILAR TERMS-------------------------------------- Fee farm English law. A perpetual farm or rent. 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 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 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 English law. A perpetual farm or rent. 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 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. Fees Compensation. Certain perquisites allowed by law to officers concerned in the administration of justice, or in the performance of duties required by law, as a recompense for their labor and trouble. Fee-simple An absolute inheritance, clear of any condition, limitation or restriction to particular heirs, but descendible to the heirs general, whether male or female, lineal or collateral. We thank you for using the Juridical Dictionary to search for Fee simple. If you have a better definition for Fee simple than the one presented here, please let us know by making use of the suggest a term option. This definition of Fee simple may be disputed by other professionals. Our attempt is to provide easy definitions on Fee simple and any other medical topic for the public at large.
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