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LSDefine

Simple English definitions for legal terms

determinable fee

Read a random definition: shareholder's derivative action

A quick definition of determinable fee:

Term: DETERMINABLE FEE

Definition: A determinable fee is a type of ownership where the property is owned by someone, but with certain conditions. If these conditions are not met, the ownership of the property will automatically transfer to someone else. This type of ownership is also known as fee simple determinable or base fee.

A more thorough explanation:

A determinable fee is a type of ownership interest in real property that is subject to a condition or limitation that, if violated, will result in the termination of the interest. This type of ownership interest is also known as a fee simple determinable or a base fee.

Example 1: John owns a piece of land that he has conveyed to the local school district for the purpose of building a new school. The conveyance is subject to the condition that the land must be used for educational purposes only. If the school district ever uses the land for any other purpose, John's ownership interest will automatically terminate and the land will revert back to him.

Example 2: Mary owns a house that she has conveyed to her son, Tom, with the condition that he must live in the house for at least five years. If Tom moves out of the house before the five-year period is up, Mary's ownership interest will automatically terminate and the house will revert back to her.

These examples illustrate how a determinable fee is subject to a condition or limitation that, if violated, will result in the termination of the ownership interest. In both examples, the ownership interest is contingent upon the satisfaction of a specific condition, and if that condition is not met, the interest will automatically terminate.

determinable easement | determinate hospitalization

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RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
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