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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is a conditional field?
A conditional field is a field that is hidden from the respondent's view by default. Once triggered by a multiple choice option, it is visible on the form.
What is a fee simple estate?
In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. It is a way that real estate and land may be owned in common law countries, and is the highest possible ownership interest that can be held in real property.
What is a fee simple interest in property?
Fee simple is the term used to represent the maximum ownership interest in real property that is allowed under law. ... That is, the fee simple ownership can be subject to conditions that result in the holder of fee simple ownership automatically (or at the prerogative of a beneficiary) losing their rights in the property.
What is a fee simple interest in real estate?
Fee simple is the term used to represent the maximum ownership interest in real property that is allowed under law. It can be referred to as complete ownership.
What is fee interest?
A fee interest is the legal possession of both the surface and mineral rights for a property. The owner of a fee interest may choose to sell the surface rights, but retain the mineral rights or vice versa.
What is a fee simple loan?
Fee simple, the highest interest in property recognized by law, means that the owner is entitled to all property rights, including the land and its improvements such as a house. This is the most common type of ownership, typically acquired through a mortgage.
Is a fee simple estate inheritable?
: a fee that is freely inheritable and alienable without any limitations or restrictions on transfers and that is of indefinite duration NOTE: A fee simple absolute is conveyed by language granting the estate to the grantee and his or her heirs, to the grantee, his heirs and assigns, or to the grantee.
Is a fee simple estate transferable?
To convey an estate in fee simple at common law, the deed or will must state “to B and his heirs.” ... There is a presumption that the testator intends to convey his or her property in fee simple unless the will indicates an intention to transfer a smaller estate, such as a life estate.
What does an estate in fee simple mean?
Estates of freehold are created where the length of the duration of the estate is uncertain. This can include estate in fee simple, or life estate. The estate in fee simple is the largest estate in duration.
Do you own the property in fee simple?
Definition of Fee Simple is a legal term describing the most common and absolute type of property ownership. ... Owners of single-family residences have fee simple ownership, but condo and many townhouse owners don't, since they own only their individual unit, not the land on which the development is built.
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