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Q: What is fee simple title?
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Related questions

What is equitable fee simple?

Fee simple is the highest form of ownership of real property. Fee simple is absolute ownership. The owner in fee simple can sell the property or if they die while owning property it will pass to their heirs upon death by their will or by the laws of intestacy.An equitable fee simple would be an interest in real property that is something less than absolute ownership or fee simple. For example:A decedent died having a will and leaving their real property to their only child. The estate must be probated in order for legal title (fee simple) to pass to that child. If the estate is not probated that child would only own an equitable fee simple interest in the property. Their ownership would not be perfected until the parent's estate is probated.


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.


What is a title fee?

a fee you pay for the title.


What does seized in fee simple mean?

That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.That means you own absolute title to land, free of any other claims against the title, which you can sell or pass to another by will or inheritance.


How do you add a name to the title of a car?

The current owner and the person being added to the title go to your local Tax collector/DMV (whichever agency handles title work in your city/state ) and tell them to add the person to the title. Pretty simple. There will be a fee for a new title of course.


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 the different between equitable fee simple and legal fee simple?

Fee simple usually means you have a deed reciting full ownership of the appurtenant rights in the property. Equitable title means you only have a contract right to sue for specific performance (in equity) to obtain the property deed. In other words, fee simple is the deed, and equitable title is the right to obtain the deed in court.Other Perspectives:If the town takes your property for failure to pay your property taxes you have an equitable interest until your rights of redemption have been barred by a court decree. If you pay your delinquent taxes before a decree is entered your fee ownership will be restored.Suppose your mother died owning a home and you are her only heir. She left the property to you by her will. Until her will is probated you only have an equitable interest in the property and not a fee simple interest. In order for you to acquire legal title, a fee simple, her estate must be probated.


What is the most comprehensive ownership of the land at law?

In English law, a fee simple (or fee simple absolute) is an estate in land, a form of freehold ownership. It is the way that real estate is owned in common law countries, and is the highest ownership interest possible that can be had in real property. Allodial title is reserved to governments under a civil law structure. Fee simple ownership represents an ownership interest in real property, though it is limited by government powers of taxation, eminent domain, police power, and escheat, and it could also be limited further by certain encumbrances or conditions in the deed. Fee simple ownership interest may be limited by government powers through a shift from allodial title to fee simple, such as when uniting with other property owners acceding to zoning restrictions and municipal regulation.


My Husband and I own a home--both names on title--a fee simple title--we are in TX---if one of us dies---does properrty automatically go to the other----there is no wording that say it right of surviv?

It goes to the person who is alive.


What is the cost to transfer plates in IL?

The fee for Transfer Only is $15, and the fee for Title and Transfer is $80. ($65 title fee, $15 transfer fee)Source:http://www.sos.state.il.us/departments/vehicles/title_registration/transferring.html


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


How much does it cost to remove someone from the title of your car Is it the same price as transferring a title or getting a new title The person has agreed to remove their name What is the fee?

In most states the fee is the same as a title transfer.