Definition of fee simple in English:
fee simple
nounPlural fees simplefiːˈsɪmp(ə)l
Law A permanent and absolute tenure in land with freedom to dispose of it at will, especially (in full fee simple absolute in possession) a freehold tenure, which is the main type of land ownership.
Example sentencesExamples
- This confers a legal interest on the mortgagee and thus may be granted only by a mortgagor who has a legal estate in the land: either the fee simple or a lease.
- A person is not entitled to dispose of the fee simple if he needs the consent of others to dispose of it and has not got it.
- We are in furious agreement that it is a full fee simple, but what price would it fetch on the open market and what terms must one attribute to the hypothetical sale?
- One of the things that happens when you get a fee simple is that you can dispose of a fee simple.
- An estate in property includes a freehold estate (a fee simple or life estate) and a leasehold estate.