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The bundle of rights is a metaphor to explain the complexities of property ownership. [1] ... which may be fee simple title, mineral rights, or another interest in ...
The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, police power, and escheat, and may also be limited further by certain encumbrances or conditions in the deed, such as, for example, a condition that required the land to be used as a public park, with a reversion interest in the grantor if the ...
fee simple determinable; fee simple subject to a condition subsequent; fee simple subject to executory limitation; finite estate—limited to lifetimes life estate—fragmented possession and use for duration of someone's life; fee tail—inalienable rights of inheritance for duration of family line; Leasehold estates: rights of possession and ...
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The rights in the bundle may be separated and held by different parties. ... Paramount title is the best title in fee simple available for the true owner.
The "bundle of rights" view was prominent in academia in the 20th century and remains influential today in American law. [1] ... fee simple absolute, or fee. [14]
Fee simple conditional: An estate lasting forever as long as one or more conditions stipulated by the deed's grantor does not occur. If such a condition does occur, the property reverts to the grantor, or a remainder interest is passed on to a third party. Fee tail: An estate which, upon the death of the tenant, is transferred to his or her heirs.
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