Fee simple estate definition

Fee simple estate means the largest possible estate allowed by law, an estate that has potentially infinite duration.
View Source
Fee simple estate will mean "full ownership interest" as that term is used in the Louisiana Civil Code. The term "condemnation" will include "expropriation" as that term is used in Louisiana law. The term "receiver" will include "keeper" as that term is used in Louisiana law. The term "county" will mean "parish" as that term is used in Louisiana. The term "conveyance in lieu of foreclosure" or "action in lieu thereof" will mean "giving in payment" as that term is used in the Louisiana Civil Code and "dation en paiement". The term "joint and several" will mean "solidary" as that term is used in the Louisiana Civil Code. The term "Uniform Commercial Code" will mean the Louisiana Commercial Laws, La. R.S. Section 10:9-101 et seq.
View Source
Fee simple estate means the largest possible estate
View Source

Examples of Fee simple estate in a sentence

  • Property Rights Appraised Fee simple estate and liquidation value based on a six month marketing period.

  • Property Rights Appraised: Fee simple estate Date of Inspection: July 11,2013 Effective Dates of Value: "As Is"- July 11, 20l3 Zoning: OR - Office/Research Parcel Number(s): 164-05500-043-9, new parcel #▇▇ ▇▇-▇▇-▇▇▇ 005.000-026 Excerpt from Appraisal Report of: ▇▇▇ ▇.

  • Property Rights Appraised: Fee simple estate Date of Inspection: July 11,2013 Effective Dates of Value: “As Is” - July 11, 2013 Zoning: OR – Office/Research Parcel Number(s): 164-05500-043-9, new parcel #7▇ ▇▇-▇▇-▇▇▇ 005.000-026 Excerpt from Appraisal Report of: D▇▇ ▇.


More Definitions of Fee simple estate

Fee simple estate means: “Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.” Dictionary of Real Estate Appraisal (Chicago, 5th Ed, 2010), p 278.
View Source
Fee simple estate. An absolute fee; a fee without limitations to any particular class of heirs or restrictions, but subject to the limitations of eminent domain, escheat, police power and taxation. An inheritable estate.
View Source

Related to Fee simple estate

  • Daily Simple RFR means, for any day (an “RFR Interest Day”), an interest rate per annum equal to (a) for any RFR Loan denominated in GBP, the greater of (i) ▇▇▇▇▇ for the day (the “RFR Reference Day”) that is five RFR Business Days prior to (A) if such RFR Interest Day is a RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not a RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs, and (ii) 0.00%; and (b) for any RFR Loan denominated in CHF, the greater of (i) SARON for the RFR Reference Day that is five RFR Business Days prior to (A) if such RFR Interest Day is a RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not a RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs, and (ii) 0.00%. If by 5:00 p.m. (London time), on the second Business Day immediately following any RFR Reference Day, the applicable RFR Rate in respect of such RFR Reference Day has not been published on the applicable RFR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR Rate for such RFR Reference Day will be the RFR Rate as published in respect of the first preceding RFR Business Day for which such RFR Rate was published on the RFR Administrator’s Website; provided that any RFR Rate as determined pursuant to this sentence shall be utilized for purposes of calculating the Daily Simple RFR for no more than three consecutive RFR Interest Days. Any change in Daily Simple RFR due to a change in the applicable RFR Rate shall be effective from and including the effective date of such change in such RFR Rate without notice to the Borrower.

  • Daily Simple SOFR means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);