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Fee simple is used to describe an estate of infinite duration and of absolute inheritance free from any restrictions, conditions or limitations regarding the ownership. An owner in fee is the absolute owner of real property. She can convey some or all the property or leave it to someone in her will. If she dies intestate owning the property the title passes to her heirs at law.
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∙ 15y ago
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If you been paying have the taxes on the house you and your wife live in from a family estates what rights do you have making decision?
If you are a fee owner you have the same rights as any other fee owner does in making decisions about the real estate. If you aren't a fee owner you have no right to partake in the decision making.
What is fee ownership?
Fee simple is the highest form of property ownership. The fee owner has the right to the use and possession of the property and the right to devise it by Will. If the owner dies without a Will the heirs inherit under the laws of intestacy.
What is the difference between fee and fee simple?
Both fee and fee simple mean that you are the absolute owner of real property. You can sell the land or leave it to your heirs.
What is person who buys land?
That person is the fee owner. The fee owner is the absolute owner who can leave the land to her/his heirs in a will, the land will pass to his/her heirs by law if there is no will, or, the owner can sell the land while still living. A fee estate is the maximum interest in real property.
What is fee title?
Fee Title or Fee Simple Title is the greatest possible estate in land, wherein the owner has the right to use it, exclusively possess it, commit waste upon it, dispose of it by deed or will, and take its fruits. A fee title represents absolute ownership of land, and therefore the owner may do whatever he or she chooses with the land. If an owner of a fee title dies intestate, the land will descend to the heirs.
How does a person acquire a fee simple ownership of real property?
Fee simple absolute is the way we describe the complete and total ownership of real property. The owner in fee simple absolute has the right to full possession and control of the land (unless the land is subject to a life estate). The property will pass to the owner's heirs upon death or the owner can convey the property during their lifetime. Generally the conveyance of real estate by a deed conveys fee simple absolute in those jurisdictions that allow the private ownership of land. Generally, when we speak of "fee simple" we are referring to fee simple absolute. The owner of the fee simple can grant a life estate to another. A person acquires a fee simple ownership of land by deed from the present fee simple owner of the land.
Uses another owner's property for a fee?
Rents or leases.
What is concidered 'Owner Occupied' Commercial Property?
Commercial property occupied all or in part by the fee owner.
Doesan apartment finder charge a fee?
Most apartment finders charge there fee to the aprment owner not to the renter.
Can a mobile park owner charge their tenants to remove limbs from trees on their lots?
I suppose they can add the fee on as a on-time maintenance fee, but if you don't own your lot and the tree actually belongs to the property owner (the park owner) it sounds a little 'shaky' to me.
What is a refundable spay neuter fee?
It could be if the owner changes its mind about surgery.
With an eminent domain taking does the owner lose the title to the land?
Yes. A taking by eminent domain takes the fee interest of the owner.
