Defeasible fee definition
WebWe found 4 dictionaries with English definitions that include the word defeasible fee: Click on the first link on a line below to go directly to a page where "defeasible fee" is defined. General (2 matching dictionaries) defeasible fee: Wiktionary [home, info] defeasible fee: Dictionary.com [home, info] Business (2 matching dictionaries) WebDefeasible. Potentially subject to defeat, termination, or Annulment upon the occurrence of a future action or event, or the performance of a condition subsequent.The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the ...
Defeasible fee definition
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WebDefinition of "Fee simple estate". Fee simple estate is a term used to describe ownership or freehold of an estate and the type of ownership of an estate. The possessory interest, also referred to as fee (a word derived from “fief”, a feudal landholding), is inherited, vested, or presented to the holder. It can be limited or unlimited ... WebApr 13, 2024 · Fee simple determinable, sometimes also referred to as fee simple defeasible, is a less powerful form of freehold ownership. Grantees of a fee simple determinable estate are still entitled to the ...
WebA fee simple defeasible is a special condition found in some deeds. This term applies to any condition where ownership of the property is dependent on the occurrence or non … WebNov 15, 2024 · Defeasance is a provision that voids a bond or loan when the borrower sets aside cash or bonds sufficient enough to service the borrower's debt. It is also referred to as "defease." The borrower ...
WebDefeasible-fee definition: (law) An estate in land that may be divested from its current owner upon the occurrence of an event set forth by the grantor in the grant . WebApr 4, 2024 · Fee simple is a legal term used in real estate that means full and irrevocable ownership of land, and any buildings on that land. Fee simple is the highest form of ownership — it means the land ...
Webdefeasible fee (plural defeasible fees) An estate in land that may be divested from its current owner upon the occurrence of an event set forth by the grantor in the grant. …
WebDec 9, 2024 · The Legality of Defeasible Fees . If a transfer of real estate is qualified by a "condition subsequent," such as the new owner cannot do something, the former owner … crown health maple valleyWebexecutory interest. An executory interest is a future interest in a transferee that must either divest the prior estate or spring out of the grantor to become possessory. Executory interests are non- vested interests and are subject to the Rules Against Perpetuities. There are two types of executory interests: shifting and springing. crown health mobile primary careWebApr 3, 2024 · Defeasible Fee Simple: This type of freehold estate includes terms and conditions that limit the owner's rights to some extent. For instance, a deed that grants a school the right to own property as long as it remains a school is considered a Defeasible Fee Simple. ... Understanding its definition, types, and benefits can help individuals … building ideas architectureWebApr 25, 2024 · Deeds Granting Defeasible Fees. One type of deed restriction is a deed that conveys a defeasible fee rather than a fee simple absolute. A fee simple absolute is the least restrictive of all ... crownhealthus.comWebAdj. 1. defeasible - capable of being annulled or voided or terminated; "a claim to an estate may be defeasible so long as the claimant is under 21 and unmarried". indefeasible - not … building ideas club robloxWebDefine defeasible. defeasible synonyms, defeasible pronunciation, defeasible translation, English dictionary definition of defeasible. adj. Capable of being annulled or invalidated: a defeasible claim to an estate. de·fea′si·bil′i·ty n. ... Related to defeasible: determinable, defeasible fee, fee simple defeasible. de·fea·si·ble crown health spokane washingtonWebThe meaning of BASE FEE is a determinable fee; broadly : a defeasible fee-simple estate (such as a conditional fee). crown health seattle wa