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.)

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.

Fee Simple Interest means the following as referred to in Chapter 5 of the final agreement:

Examples of Fee Simple Interest in a sentence

• The ProgramThis is an opportunity to own a brand-new home with a Fee Simple Interest in both the home and land at Appraised Value, with several forms of assistance that reduce the amount of the first mortgage required to purchase 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 valuation date, is: “$000,000”.

• 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 Law Agent has advised that the lessees are entitled to purchase the Fee Simple Interest on the terms proposed.

• RQ 4.7 ....................................................................................169 h.

• Recommendation: That Council adopt, by reading of title only, A Resolution of the Council of the City of Santa Barbara Authorizing the City's Public Works Director to Act in the Negotiations on Behalf of the City of Santa Barbara for the Purchase of the Fee Simple Interest in the Real Property Known as the Santa Barbara Hydroelectric Power Plant Land at Lauro Dam, and Verifying that Funds Have Been Budgeted for the Purchase at Fair Market Value as Determined by Appraisal.

• The City agrees to purchase the Fee Simple Interest and the Temporary Easement for a total sum of $252,435.00.

• D'Arcy) - With reference to the disposal of the Fee Simple Interest under the Landlord and Tenant (Ground Rents) (No. 2) Act, 1978 in 24 premises.

• Unless informed otherwise, the interests being appraised are Fee Simple Interest (Fee Simple Estate).

• Said purchase and payment thereof shall satisfy the just compensation that Shrewsbury is entitled to recover as a result of the City’s acquisition of the Fee Simple Interest and Temporary Easement in the Lawsuit.

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.

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.