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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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11:05
i’m gonna ride it out i’m so below their medians it probably just makes sense to
Mostlylegal
11:05
youll get in somewhere great :)
11:09
i would like to get into (this) great school but i’ll sit back and be thankful for my Marquette A
Mostlylegal
11:10
you are going to be a lawyer! Can you even believe that
Omg massive Georgetown wave
Omg massive Georgetown wave
Idk why that sent twice
Hopefully I'm included 🤞
180letmein
11:22
DAILY WORDLE TIME
180letmein
11:22
Wordle 1,384 5/6 🟨⬛⬛⬛⬛ ⬛🟨🟨⬛⬛ ⬛⬛🟩🟩⬛ ⬛🟩🟩⬛🟩 🟩🟩🟩🟩🟩
11:23
unfortunately today's GULC wave appears to be mostly waitlists
hey chat how are we today
anyone get an As?
Mostlylegal
11:24
no but my first non R!
THAT'S AWESOME!!
Mostlylegal
11:25
Wordle 1,384 4/6 ⬛🟨🟨⬛⬛ 🟨🟨🟨⬛⬛ 🟩🟨⬛🟨🟩 🟩🟩🟩🟩🟩
Guess I'm not in this GULC wave
rip
Mostlylegal
11:25
maybe that means an A tmrw for you
^^
I'm seeing the people waitlisted have lower stats in general so I'm hoping for something good
Mostlylegal
11:26
>:(
Despite being waitlisted by FSU, my own school
:(
i was about to say your stats are crazy good!! you'll do fine!!!
Mostlylegal
11:27
wish my gpa was just a tad better, my covid gpa brought my overall down a tenth
I got waitlisted by my own school, which I am in the 75 percentile of so this cycle has me so stressed
not a single admit so far
@Mostlylegal: where are ya looking to get in?
@hcarralero2005: manifesting for you!!!! you got this!!!
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