Characteristics of fee simple estate
[DOC File]REAL PROPERTY: BAR CHECKLIST - Free Webs
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Fee Simple Estate is defined by The Dictionary of Real Estate Appraisal, [INSERT CURRENT EDITION, COPYRIGHT DATE, PAGE NUMBER], by the Appraisal Institute as: 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.
[DOC File]Welcome to the City of Houston eGovernment Center
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The date, time and place may be changed by mutual agreement of the parties. At closing, upon payment by the Purchaser(s) as provided in section 3, the Contractor shall furnish a General Warranty deed conveying the Premises in fee simple to the Purchaser(s) free and clear of all liens, and subject only to the exceptions noted in the title report.
[DOC File]PRESENT POSSESSORY ESTATES
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An estate in fee simple is an estate owned directly “of” the crown It is a bundly of rights in respect of land, and has the following characteristics It is inheritable (“fee”) and is thus of uncertain duration
[DOCX File]Tutorial 1 (week 3) - Tenure and Estates and Native Title
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Estate right must be addressed, adequately discussed and supported as an element of comparison for any method used for valuation between the subject and the comparable sale. Estate right as fee simple estate or fee simple subject to limiting condition clause will not be accepted. Fee simple estate of surface rights would be acceptable.
Specifications and Scope of Work for Appraisals of Real ...
A fee simple estate is the greatest interest that a person can have in property. Fee simple interest is: Freely transferable. Freely inheritable. Of indefinite duration. Freehold means, “I own it.” When a person says, “I bought a house.” He usually means he acquired a: Fee simple estate. A life estate is also an estate of uncertain ...
DRAFT SYLLABUS - Berkeley Law
Fee Simple Subject to Executory Limitation. Creation: O to A, but if X event occurs, then to B. Distinguishing Characteristics. Same as fee simple determinable. If condition is broken, automatic forfeiture . in favor of someone . other than grantor (third party) Future Interests: Shifting. executory interest . Life Estate. Shorthand Rules
What Is a Freehold Estate?
Characteristics: Alienable. Inheritable (if it has not been alienated or devised) Devisable FEE TAIL (FT) The fee tail will pass only to the lineal heirs of A. Thus there may be a time at which on one is eligible to own BA – Expiration. In contrast, the fee simple does not expire.
[DOC File]Chapter 1: PROPERTY AND LEGAL DESCRIPTIONS
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Characteristics of defeasible estates. Fee simple determinable. Fee simple subject to a condition subsequent. When conditions on fee simple are improper restraints on alienability. Upholding intent of grantor vs. allowing free sale of land. Read D&K 244-47, 253-255 (notes 1 and 2), 256 (note 5), 258-263 (Mountain Brow Lodge No. 82 v. Toscano ...
DRAFT SYLLABUS - Berkeley Law
Characteristics of defeasible estates. Fee simple determinable. Fee simple subject to a condition subsequent. Interpreting language of grants (again) Discussion Problem # 4: problem 2, p. 233. When conditions on fee simple are improper restraints on alienability. Upholding intent of grantor vs. allowing free sale of land. Read D&K 222-25, 226 ...
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