![]() An example of this is “to Albert and his heirs while the property is used for charitable purposes.” If the property is no longer used for charitable purposes, the estate will end, and the property will revert to the grantor. The holder of a fee simple absolute may, at any time, sell all or part of the property or distribute the property when they pass away through. ![]() The property interest is not subject to any specific conditions. The duration of a fee simple absolute is indefinite. There are different types of fee simple, such as fee simple conditional, fee simple defeasible, fee simple determinable, fee simple subject to a condition subsequent, and fee simple subject to an executory limitation.įor instance, fee simple determinable is an estate that will automatically end and revert to the grantor if some specified event occurs. The holder of a fee simple has both a present and a future interest in the property. For example, if a person owns a house in fee simple, they have the right to sell it or pass it on to their heirs. Traditionally, fee simple has two distinguishing features: first, the owner (‘tenant’ in fee simple) has the power to dispose of the fee simple, either inter vivos or by will second, on intestacy the fee simple descends, in the absence of lineal heirs, to collateral heirs. It is also known as fee simple absolute, estate in fee simple, tenancy in fee, exclusive ownership, feudum simplex, or fee. ![]() Fee-simple title refers to the broadest property interest allowed by law, which endures until the current holder dies without heirs.
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