Fee Simple Interest definition

Fee Simple Interest 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. (The Dictionary of Real Estate Appraisal, American Institute of Real Estate Appraisers, (Chicago, IL; AIREA, 1993), p. 140.)
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Fee Simple Interest means an ownership of Real Property in which the owner has the right to control, use or dispose of the Real Property at will.
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Fee Simple Interest means the following as referred to in Chapter 5 of the final agreement:
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Examples of Fee Simple Interest in a sentence

  • Fee Simple Interest is defined by the Appraisal Institute as being, "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.

  • Notwithstanding the permitted uses and regulations, on Tsawwassen Fee Simple Interest (TFSI) Lands, a TFN Member is permitted to construct one single family residential dwelling for use by them or their family members, regardless of the zone identified in Schedule B of this regulation.

  • That the applicant is statutorily entitled to purchase the Fee Simple Interest and shall be prepared to pay all rent, rates and charges outstanding up to and including the date of sale.

  • The final Market Value Opinion(s) shall be stated in BOLD as follows: “The final reconciled Market Value Opinion of the Subject Fee Simple Interest (or other Interest) as of the valuation date, is: “$000,000”.

  • To develop and implement a “Teacher Web” web site for access by all schools .

  • McSherry, MAI PROPERTY RIGHTS APPRAISED This assignment concerns the appraisal of the Fee Simple Interest with Fee Simple Interest defined in Real Estate Appraisal Terminology as being, "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.

  • The Ground Lease includes an enforceable obligation to sell the properties to Forest City (see Section 48, Option to Purchase Fee Simple Interest in the Property).B.2. Sears Parcels (A) The date of the acquisition of the property and the value of the property at that time, and an estimate of the current value of the property.

  • The final Market Value Opinion(s) shall be stated in BOLD as follows: “The final reconciled Market Value Opinion of the subject Fee Simple Interest (or other Interest) as of (the effective date) is:$000,000.

  • The TWA’s points of contact would be the project engineer and the DER for all welding matters concerning the structure.

  • Since 2007, the Marine Department (MD) has been authorizing ASs to carry out plan approval and survey work for low risk local vessels, including low risk Class II vessels, Class III vessels and certain types of Class IV vessels.


More Definitions of Fee Simple Interest

Fee Simple Interest. With respect to Loan No. 6, HSA Industrial Portfolio I, each of the ten Mortgaged Properties is owned jointly by each of the four Mortgagors as tenants in common.
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Fee Simple Interest means absolute ownership unencumbered by any other interest or estate; subject only to the limitations of eminent domain, escheat, police power, and taxation.The standards to be used in Appraisals required by Section 53345.8 of the Act are as follows: 1. The appraisal shall be prepared by an appraiser licensed by the State of California at the time of appraisal; and2. The appraisal shall be prepared for the purposes of publication by any of the District, an underwriter or an authorized purchaser of bonds in connection with the contemplated CFD financing; and3. The appraisal shall be consistent with a market absorption study, prepared by an experienced market absorption analyst, with respect to the development of the property which is the subject of the appraisal; and4. The appraiser shall be the agent of the District rather than the agent of any developer in the subject CFD. The assumptions to be used in the Appraisals required by Section 53345.8 of the Act shall include, but shall not be limited to, the following: 1. Title to the property is assumed to be good and marketable unless otherwise stated.2. The property is appraised free and clear of any or all liens or encumbrances unless otherwise stated.3. Responsible ownership and competent property management are assumed. The contents of the appraisal report shall include, but shall not be limited to, the following: 1. Statement of Limiting Conditions and Assumptions.2. Certification of Appraiser and Permission to Reproduce and Use Report as Required for Bond Issuance.3. Purpose of Appraisal. This shall include the reason for the appraisal, a definition of all values required, and property rights appraised.4. Primary Assumption. The appraiser will process the valuation of subject properties assuming only improvements which are completed as of the date of value or for which current financing has been irrevocably obtained, e.g., proceeds of current bond issue.
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Related to Fee Simple Interest

  • Simple interest means interest computed on the principal balance outstanding

  • Private interest means an interest held by an individual that is:

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;