Fee simple estate definition

Fee simple estate means the largest possible estate allowed by law, an estate that has potentially infinite duration.
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Fee simple estate will mean "full ownership interest" as that term is used in the Louisiana Civil Code. The term "condemnation" will include "expropriation" as that term is used in Louisiana law. The term "receiver" will include "keeper" as that term is used in Louisiana law. The term "county" will mean "parish" as that term is used in Louisiana. The term "conveyance in lieu of foreclosure" or "action in lieu thereof" will mean "giving in payment" as that term is used in the Louisiana Civil Code and "dation en paiement". The term "joint and several" will mean "solidary" as that term is used in the Louisiana Civil Code. The term "Uniform Commercial Code" will mean the Louisiana Commercial Laws, La. R.S. Section 10:9-101 et seq.
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Fee simple estate means: “Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.” Dictionary of Real Estate Appraisal (Chicago, 5th Ed, 2010), p 278.
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Examples of Fee simple estate in a sentence

  • HIGHEST ANDBEST USE: Mixed-use development INTERESTAPPRAISED: Fee simple estate EXTRAORDINARYASSUMPTIONS: We have assumed a mixed-use development would be permitted and minimum parking requirements met.

  • Fee simple, estate in perpetuity, life estate, State lease, temporary occupation licence The estate in perpetuity, State lease and the temporary occupation licence (not an interest in land but a mere temporary right of occupation granted by the State) are creations of statute, created by the State Lands Act.

  • Colony at Kenilworth LOCATION: 1 Bonrock Court Towson, Maryland INTENDED USE OF ASSIGNMENT: Court Settlement PURPOSE OF APPRAISAL: "As Is" Market Value of the Fee Simple Estate INTEREST APPRAISED: Fee simple estate DATE OF VALUE: April 24, 2003 DATE OF REPORT: June 28, 2003 PHYSICAL DESCRIPTION - SITE & IMPROVEMENTS: SITE: Size: 22.622 acres, or 985,414 square feet Assessor Parcel No.: 920551881 Floodplain: Community Panel No. 240010--265 B (March 2, 1981) Flood Zone C, an area outside the floodplain.

  • Pickwick Place LOCATION: 1130 Racquet Club North Indianapolis, Indiana INTENDED USE OF ASSIGNMENT: Court Settlement PURPOSE OF APPRAISAL: "As Is" Market Value of the Fee Simple Estate INTEREST APPRAISED: Fee simple estate DATE OF VALUE: May 7, 2003 DATE OF REPORT: June 27, 2003 PHYSICAL DESCRIPTION - SITE & IMPROVEMENTS: SITE: Size: 45.362 acres, or 1,975,969 square feet Assessor Parcel No.: 006523 Floodplain: Community Panel No. 18097C0041 (January 5, 2001) Flood Zone X, an area outside the floodplain.

  • Property Rights Appraised: Fee simple estate Date of Inspection: July 11,2013 Effective Dates of Value: "As Is"- July 11, 20l3 Zoning: OR - Office/Research Parcel Number(s): 164-05500-043-9, new parcel #00 00-00-000 005.000-026 Excerpt from Appraisal Report of: Xxx X.

  • Windsor Hills Apartments LOCATION: Ascot Lane Blacksburg, Virginia INTENDED USE OF ASSIGNMENT: Court Settlement PURPOSE OF APPRAISAL: "As Is" Market Value of the Fee Simple Estate INTEREST APPRAISED: Fee simple estate DATE OF VALUE: May 12, 2003 DATE OF REPORT: July 2, 2003 PHYSICAL DESCRIPTION - SITE & IMPROVEMENTS: SITE: Size: 24.35 acres, or 1,060,686 square feet Assessor Parcel No.: 3035-13950 Floodplain: Community Panel No. 510100-0007 B (May 15, 1980) Flood Zone C, an area outside the floodplain.

  • The Loft LOCATION: 214 Loft Lane Raleigh, North Carolina INTENDED USE OF ASSIGNMENT: Court Settlement PURPOSE OF APPRAISAL: "As Is" Market Value of the Fee Simple Estate INTEREST APPRAISED: Fee simple estate DATE OF VALUE: May 13, 2003 DATE OF REPORT: June 30, 2003 PHYSICAL DESCRIPTION - SITE & IMPROVEMENTS: SITE: Size: 22.56 acres, or 982,714 square feet Assessor Parcel No.: 1706575340 Floodplain: Community Panel No. 37183C0331E (March 3, 1992) Flood Zone X, an area outside the floodplain.

  • Property Rights Appraised Fee simple estate and liquidation value based on a six month marketing period.

  • Lazy Hollow LOCATION: 8782 Cloudleap Court Columbia, Maryland INTENDED USE OF ASSIGNMENT: Court Settlement PURPOSE OF APPRAISAL: "As Is" Market Value of the Fee Simple Estate INTEREST APPRAISED: Fee simple estate DATE OF VALUE: April 25, 2003 DATE OF REPORT: June 27, 2003 PHYSICAL DESCRIPTION - SITE & IMPROVEMENTS: SITE: Size: 9.53 acres, or 415,127 square feet Assessor Parcel No.: 16-101087 Floodplain: Community Panel No. 240044 0034 B (December 4, 1986) Flood Zone C, an area outside the floodplain.

  • Finally, the possible future work and modifications are outlined.


More Definitions of Fee simple estate

Fee simple estate means the largest possible estate
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Fee simple estate. An absolute fee; a fee without limitations to any particular class of heirs or restrictions, but subject to the limitations of eminent domain, escheat, police power and taxation. An inheritable estate.
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