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LSDefine

Simple English definitions for legal terms

fee-simple title

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A quick definition of fee-simple title:

Fee-simple title is the broadest property interest allowed by law, which endures until the current holder dies without heirs. It is the most comprehensive estate in land which the law recognizes, and ownership of such an estate is the nearest approach to ownership of the land itself. The owner has the power to dispose of the fee simple, either inter vivos or by will, and on intestacy, the fee simple descends, in the absence of lineal heirs, to collateral heirs. There are different types of fee simple, including fee simple absolute, fee simple conditional, fee simple defeasible, fee simple determinable, fee simple subject to a condition subsequent, and fee simple subject to an executory limitation.

A more thorough explanation:

Fee-simple title refers to the broadest property interest allowed by law, which endures until the current holder dies without heirs. It is also known as fee simple absolute, estate in fee simple, tenancy in fee, exclusive ownership, feudum simplex, or fee.

Traditionally, fee simple has two distinguishing features: first, the owner (‘tenant’ in fee simple) has the power to dispose of the fee simple, either inter vivos or by will; second, on intestacy the fee simple descends, in the absence of lineal heirs, to collateral heirs. For example, if a person owns a house in fee simple, they have the right to sell it or pass it on to their heirs.

There are different types of fee simple, such as fee simple conditional, fee simple defeasible, fee simple determinable, fee simple subject to a condition subsequent, and fee simple subject to an executory limitation.

For instance, fee simple determinable is an estate that will automatically end and revert to the grantor if some specified event occurs. An example of this is “to Albert and his heirs while the property is used for charitable purposes.” If the property is no longer used for charitable purposes, the estate will end, and the property will revert to the grantor.

fee-sharing | fee-splitting

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windyMagician
19:23
it doesn't hurt its just tingly
Dkk
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It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
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windyMagician
19:27
I'm sober lol
Dkk
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Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
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