Fee simple vs leased fee
[DOC File]I
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Defeasible Fee Simple: Fee simple that may last forever or end upon happening of a future event. Types of Defeasible Fee Simples: Fee Simple Determinable – fee simple so limited that it will end automatically when a stated event happens (always accompanied by a future interest) (e.g. “so long as,” “while,” “until”)
[DOC File]Cases and Text on Property, 4th Ed., Casner Leach - Law ...
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FEE SIMPLE & DEFEASIBLE FEES. Station Assoc. v. Dare County – 1999 (Page 278) If a grant deed does not specifically mention that the grant is a fee simple determinable with possibility of reverter, it is a fee simple absolute.
[DOC File]Hi Professor Donahue, - Harvard Law School
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Question 5. O-->A for 100 years if A so long lives --> A’s heirs. What is O’s interest (if anything)? Our thought was that O could have a fee simple and has leased it to A, until 100 years or A dies (at which point it transfers to A’s heirs).
[DOC File]X - Test Bank Go!---all FREE!!
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a. Fee simple determinable vs. fee simple subject to a condition subsequent is the difference in the present land interests giving rise to these future interests. b. One is automatic while the other requires action on the part of the grantor to regain title. c. Creation language is different – "so long as" vs. "on the condition that" 9.
[DOC File]Arb Clauses
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A leased fee was originally a fee simple that was subsequently encumbered by a lease. The tenant in such a lease is also known as the owner of a leasehold estate. A “sandwich” lessee was originally a primary leaseholder who subsequently leased his interest to a new party who then became the holder of the “operating” lease.
[DOC File]Reimbursable Agreement Memo - USFWS
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A reimbursable agreement is a contractual relationship under which the Service provides a product or service to a non-Service party (including ... A simple definition of a bio-day rate: The average cost per day used for estimating project costs for a field station. ... Reduce the year-end station expenses by the costs incurred for GSA leased ...
[DOCX File]www.idot.illinois.gov
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When developing an opinion of the value of a leased fee estate or a leasehold estate, an appraiser must analyze the effect on value, if any, of the terms and conditions of the lease(s). 1-4(e) When analyzing the assemblage of the various estates or component parts of a property, an appraiser must analyze the effect on value, if any, of the ...
[DOC File]ISSUES AND QUESTIONS TO BE ADDRESSED
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Are there types of appraisals for which your firm specializes (e.g. fee simple vs. leased fee, in-time appraisals, highest-and-best-use vs. as-is valuations, etc.) Are there particular types of properties in which your firm specializes? (e.g. power plants and energy-generating facilities)?
[DOC File]Cost-of-Service Rates
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Management Fee 10. Accumulated Deferred Income Taxes (ADIT) 11. Working Capital 12. Cash working capital 12. Materials and Supplies, and Prepayments 13. Cost-of-Service 13. Return 13. Capitalization or Capital Structure 15. Cost of Debt 16. Return on Equity 16. Pretax Return 17. Operation and Maintenance Expenses 18. Administrative and General ...
[DOC File]AGREEMENT AND DECLARATION OF TRUST
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25. Termination. This trust may be terminated at any time by the Beneficiaries and with thirty (30) days written notice of termination delivered to the Trustee, the Trustee shall execute any and all documents necessary to vest fee simple marketable title to any and all Trust Property in Beneficiaries.
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