Fee Simple Interest definition

Fee Simple Interest 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. (The Dictionary of Real Estate Appraisal, American Institute of Real Estate Appraisers, (Chicago, IL; AIREA, 1993), p. 140.)
View Source
Fee Simple Interest means an ownership of Real Property in which the owner has the right to control, use or dispose of the Real Property at will.
View Source
Fee Simple Interest 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,
View Source

Examples of Fee Simple Interest in a sentence

  • Said purchase and payment thereof shall satisfy the just compensation that Shrewsbury is entitled to recover as a result of the City’s acquisition of the Fee Simple Interest and Temporary Easement in the Lawsuit.

  • The City agrees to purchase the Fee Simple Interest and the Temporary Easement for a total sum of $252,435.00.

  • Fee Simple Interest According to The Dictionary of Real Estate Appraisal, Third Edition, published by the Appraisal Institute, Fee Simple Interest 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.

  • Schedule IIA (45) Fee Simple Interest -------------------------------------- With respect to one of the six parcels constituting the Mortgaged Property that secures the Walgreens-Chalmette Mortgage Loan, the Mortgagor holds title in the fee interest subject to the terms of an Act of Cash Sale and Interim Lease.

  • Fee Simple Interest -------------------------------------------------------------------------------- Loan 170, Bank of America Motor Bank: The Mortgage Loan is secured by ▇▇▇ ▇▇▇▇▇▇▇▇▇'s fee simple interest in the Mortgaged Property.

  • The purpose of this assignment is to estimate of the Market Value of the Fee Simple Interest of the subject property as of the effective date of the appraisal.

  • Transfer of Fee Simple Interest in the Facility to Operator on the Optional Prepayment Date............

  • Transfer of Fee Simple Interest in the Facility to Operator on the Optional Prepayment Date.......................................................

  • Section 3.5 Except during the Exemption Period, the PILOT Payments shall be paid to the City of Windcrest (or other entity designated by the City of Windcrest) for distribution to each Taxing Unit in an amount equal to the taxes that would have been assessed by each Taxing Unit against the Fee Simple Interest in the Rackspace Corporate Headquarters Property (including any improvements or additions) as if the property was not exempt from property taxation.


More Definitions of Fee Simple Interest

Fee Simple Interest means the following as referred to in Chapter 5 of the final agreement:
View Source
Fee Simple Interest. With respect to Loan No. 6, HSA Industrial Portfolio I, each of the ten Mortgaged Properties is owned jointly by each of the four Mortgagors as tenants in common.
View Source

Related to Fee Simple Interest

  • Simple interest means interest computed on the principal balance outstanding

  • Net Simple Interest Excess With respect to any Distribution Date, the excess, if any, of (a) the amount of the payments received by the Servicers and the Master Servicer in the related Collection Period allocable to interest in respect of Simple Interest Mortgage Loans, calculated in accordance with the Simple Interest Method, net of the related Servicing Fees, over (b) 30 days’ interest at the weighted average (by principal balance) of the Net Mortgage Rates of the Simple Interest Mortgage Loans as of the first day of the related Collection Period, as determined by the related Servicer, on the aggregate principal balance of such Simple Interest Mortgage Loans for such Distribution Date, carried to six decimal places, rounded down, and calculated on the basis of a 360-day year consisting of twelve 30-day months. For this purpose, the amount of interest received in respect of the Simple Interest Mortgage Loans in any month shall be deemed (a) to include any Advances of interest made by the related Servicer, the Master Servicer or the Securities Administrator in such month in respect of such Simple Interest Mortgage Loans and (b) to be reduced by any amounts paid to the related Servicer, the Master Servicer or the Securities Administrator in such month in reimbursement of Advances previously made by the Servicer, the Master Servicer or the Securities Administrator in respect of such Simple Interest Mortgage Loans.

  • Simple Interest Loan means any Loan under which the portion of a payment allocable to interest and the portion allocable to principal is determined by allocating a fixed level payment between principal and interest, such that such payment is allocated first to the accrued and unpaid interest at the Annual Percentage Rate for such Loan on the unpaid principal balance and the remainder of such payment is allocable to principal.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”