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In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest ...
If the time of ownership can be fixed and determined, it cannot be a freehold. It is "An estate in land held in fee simple, fee tail or for term of life." [4] The default position subset is the perpetual freehold, which is "an estate given to a grantee for life, and then successively to the grantee's heirs for life." [4]
Freehold estates: rights of conveyable exclusive possession and use, having immobility and indeterminate duration. fee simple. fee simple absolute—most rights, least limitations, indefeasible; defeasible estate—voidable possession and use fee simple determinable; fee simple subject to a condition subsequent; fee simple subject to executory ...
Fee simple (freehold) Concurrent estate and Four unities; Saunders v Vautier (1841) 4 Beav 115; Leasehold; Tulk v Moxhay (1848) 41 ER 1143; Countryside and Rights of Way Act 2000; Usucaption; The Port of London Authority v Ashmore [2010] EWCA Civ 30, regarding adverse possession of a river bed.
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Freehold (law), the tenure of property in fee simple Customary freehold , a form of feudal tenure of land in England Parson's freehold , where a Church of England rector or vicar of holds title to benefice property
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.
Section 1 sets out the basic structure of the newly reformed legal estates—"an estate in fee simple absolute in possession" (commonly referred to as freehold), and "a term of years absolute" (leasehold). Old estates in land—fee tail and life interests—are converted by s.1 so as to "take effect as equitable interests". Section 3 sets out ...