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conditional fee = fee estate that is dependant upon a condition occuring. For example; I'll give James the farm when he graduates with an MBA. If James doesn't graduate, he won't get the farm.
determinable fee = fee estate that is only lost if something new happens. For example; I'll give James the farm as long as it is used for growing wheat. If it no longer is used for that purpose, James no longer has title.
What else can I help you with?
What is the difference between a Private Transfer Fee Covenant and a Reconveyance Fee Instrument?
There actually is no difference. A Private Transfer Fee Covenant is a Reconveyance Fee Instrument.
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 the difference between a utility deposit and a service initiation fee?
deposits are refundable and fees are not
What is the difference between a foreign transaction fee and a currency conversion fee?
A foreign transaction fee is charged by your credit card company for purchases made in a foreign currency, while a currency conversion fee is charged for converting one currency to another.
What is the difference between a recording fee and a surveying fee?
If your question refers to a real estate transaction, a recording fee is the cost to record the mortgage or other documents in the public record (usually the courthouse). A surveying fee is the cost of conducting a survey of the property to determine the legal boundaries.
What is the difference between fee simple determinable and fee simple subject to condition subsequent?
Fee simple determinable and fee simple subject to condition subsequent are both types of ownership in real property that come with conditions. The main difference between the two is in how the ownership can be terminated. In fee simple determinable, the ownership automatically ends if a specific condition is violated, while in fee simple subject to condition subsequent, the owner has the right to reclaim the property if the condition is violated.
A estate restricts ownership of real property to a particular family bloodline?
A. fee simple B. fee tail C. determinable fee D. fee simple absolute ANSWER: B Fee Tail
What is the difference between a Private Transfer Fee Covenant and a Reconveyance Fee Instrument?
There actually is no difference. A Private Transfer Fee Covenant is a Reconveyance Fee Instrument.
What is the difference between consultancy fee and consultation fee?
One is spelled different
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.
Analyze the advantages and disadvantages of conditional fee arrangements for legal aid?
conditional fee agreements are the best way of legal aid. They are extremely reliable and the public know about the as they are advertised on the media. Best form of legal aid
What is the difference between a utility deposit and a service initiation fee?
deposits are refundable and fees are not
What is the difference between a CMA and an RMA?
The difference between RMA's and CMA's is that RMA's are registered and CMA's are certified. Both are medical assistance. The only difference is if you are registered there are fee's to keep the resignation.
What are the differences between RMA's and CMA's?
The difference between RMA's and CMA's is that RMA's are registered and CMA's are certified. Both are medical assistance. The only difference is if you are registered there are fee's to keep the resignation.
What is the difference between a foreign transaction fee and a currency conversion fee?
A foreign transaction fee is charged by your credit card company for purchases made in a foreign currency, while a currency conversion fee is charged for converting one currency to another.
In what circumstances would a contingent fee be paid?
A contingent fee or conditional fee is any fee for services provided where the fee is payable only if there is a favourable result. In the law, it is defined as a "fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court.. Contingent fees are usually calculated as a percentage of the client's net recovery."
What is meant by fee simple determinable and fee simple defeasible?
In order to understand fee simple defeasible and fee simple determinable we should understand what is meant by fee simple absolute at common law.Generally: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 property. The property will pass to the owner's heirs upon death. Generally the conveyance of real estate by a deed conveys fee simple absolute. Generally, when we speak of "fee simple" we are referring to fee simple absolute.Ownership in fee simple determinable indicates that ownership may be altered if certain conditions occur or do not occur whatever the case might be. It is not an absolute ownership of real property. If the conditions are breached the grantor must make entry to repossess the property.Land was conveyed to John with the restriction that it may only be used for a children's hospital. The conveyance is in fee simple with a determining factor. If the restriction is violated and John uses the property as a hotel, the land reverts back to the grantor. John owns a determinable fee.A farmer may convey a small parcel to a neighbor's son for a nominal sum subject to the condition that the grantee enclose it, install utility lines and build a house within two years or the property will revert to the grantor.Fee simple defeasible occurs when there is power in the grantor to terminate the estate on the happening of some specified event.A deed to John with a condition that the land only be used for residential purposes or the grantor or his heirs shall have a right of entry or termination. If the condition is breached the estate continues until the grantor makes an entry or brings an action to recover the land. There is no automatic reversion.
