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What term is defined by the combination of leased fee and fee simple ownership?
Fee simple ownership describes the absolute ownership of real property.A leased fee interest describes an ownership interest of a property that is under lease.A "combination" of those two concepts would result in the "leased fee" ownership description.
A fee simple absolute represents total ownership of personal property?
A fee simple ownership represents absolute ownership of real property.
What type of real estate ownership is the most all-inclusive?
Ownership in fee simple is the highest form of real property ownership.
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 most comprehensive ownership of land known as?
Fee simple estate
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.
What is the highest form of ownership for a piece of property?
Fee simple.Fee simple.Fee simple.Fee simple.
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.
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.
How to draft anOffer letter to purchase a vehicle?
Puspakom inspection fee agree pay by SELLER and JPJ transfer of ownership fee pay by buyer.
What is fee simple in state of Oregon?
Fee simple is the absolute ownership of land. The person who owns the land in fee simple can sell it during their life or leave it to their heirs when they die either by will or by intestate succession.
