WebThe meaning of BASE FEE is a determinable fee; broadly : a defeasible fee-simple estate (such as a conditional fee). WebA defeasible fee estate can also be willed to the owners heirs. A defeasible fee is thus a perpetual estate. However the condition remains a part of the defeasible fee estate. This …
Defeasible estate - Wikipedia
WebDefine defeasible. defeasible synonyms, defeasible pronunciation, defeasible translation, English dictionary definition of defeasible. adj. Capable of being annulled or invalidated: a defeasible claim to an estate. de·fea′si·bil′i·ty n. ... Related to defeasible: determinable, defeasible fee, fee simple defeasible. de·fea·si·ble WebDefeasible-fee definition: (law) An estate in land that may be divested from its current owner upon the occurrence of an event set forth by the grantor in the grant . two sides to every breakup
Defeasible fee financial definition of defeasible fee
WebMar 2, 2024 · The defeasible fee estate, or the fee simple defeasible, refers to certain conditions in freehold estate ownership. Conditions can restrict an owner of this property to use it only in a... WebDefeasible. Potentially subject to defeat, termination, or Annulment upon the occurrence of a future action or event, or the performance of a condition subsequent.The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the ... WebMar 16, 2024 · The meaning of FEE SIMPLE is a fee without limitation to any class of heirs or restrictions on transfer of ownership. How to use fee simple in a sentence. ... a defeasible fee that automatically terminates upon the occurrence of a specified event or condition and which reverts to the grantor compare estate on condition at estate. two sides of triangle greater than third