In English law. A freehold estate of inheritance, absolute and unqualified. It stands at the head of estates as the highest in dignity and the most ample in extent; since every other kind of estate is derivable thereout, and mergeable therein. It may be enjoyed not only in land, but also In advowsons, commons, estovers, and other hereditaments, as well as in personalty, as an annuity or dignity, and also in an upper chamber, though the lower buildings and soil belong to another. Wharton.In American law. An absolute or fee- simple estate is one in which the owner is entitled to the entire property, with unconditional power of disposition during his life,and descending to his heirs and legal representatives upon his death intestate. CodeGa. 1882.
What is FEE-SIMPLE?
Written and fact checked by The Law Dictionary