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In English law, a fee simple or fee simple absolute is an estate in land, ... Real estate owned as a condominium is usually similarly owned in fee simple, ...
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium ... Condominiums are usually owned in fee simple title, ...
Freehold ("More permanent") conveyances of real estate are covered by real estate contracts, including conveying fee simple title, life estates, remainder estates, and freehold easements. Real estate contracts are typically bilateral contracts (i.e., agreed to by two parties) and should have the legal requirements specified by contract law in ...
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Camp's remarks followed the blessing of Modea, the company's reuse project that will turn part of the 22-story Davies Pacific Center into a fee-simple condominium with 352 units.
In most states, full ownership of land is known as fee simple, fee simple absolute, or fee. [14] Fee simple refers to a present interest in the land, which continues indefinitely into the future. [14] One other type of ownership is the defeasible fee, which is like fee simple, except that it can end upon some event occurring. [14]
“And condos, they need to have 100% reserves.” ... give them more time to gain some insight into why the special assessment fee is so high. ... have saved $63M by using this 1 simple tool to ...
Most property ownership in common law jurisdictions is fee simple. In the United States, the land is subject to eminent domain by federal, state and local government, and subject to the imposition of taxes by state and/or local governments, and there is thus no true allodial land.
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