Akademik

fee n [Middle English, fief, from Old French fé fief, ultimately from a Germanic word akin to Old High German fehu cattle]

1: an inheritable freehold estate in real property; esp: fee simple compare leasehold; life estate at estate

absolute fee: a fee granted with no restrictions or limitations on alienability: fee simple absolute at fee simple

conditional fee: a fee that is subject to a condition: as

a: fee simple conditional at fee simple

b: fee simple on condition subsequent at fee simple

defeasible fee: a fee that is subject to terminating or being terminated

determinable fee: a defeasible fee that terminates automatically upon the occurrence of a specified event: fee simple determinable at fee simple

fee patent: a fee simple absolute that is granted by a patent from the U.S. government; also: a patent that grants a fee simple absolute

the land shall have the same status as though such fee patent had never been issued — U.S. Code

◇ Allotments of parcels of land in reservations are held in private ownership by fee patents.

fee tail: a fee which is granted to an individual and to that individual's descendants, which is subject to a reversion or a remainder if a tenant in tail dies with no lineal descendants, and which is not freely alienable see also entail ¹; de donis conditionalibus in the important laws section compare fee simple conditional at fee simple

◇ The fee tail developed out of the fee simple conditional as a means to ensure that property would remain intact and in the family. Instead of giving the grantee a fee simple absolute once he or she has a child, which the grantee could then alienate (as by selling), the fee tail creates a future interest in the descendants which prevents the grantee and the descendants from alienating the property. A fee tail is created by a conveyance to the grantee and to the heirs of the grantee's body. In most jurisdictions, the fee tail is not recognized.

2: a fixed amount or percentage charged; esp: a sum paid or charged for a service

attorney fee s

contingency fee: a fee for the services of a lawyer paid upon successful completion of the services and usu. calculated as a percentage of the gain obtained for the client – called also contingency, contingent fee; compare champerty, maintenance

fil·ing fee: a fee charged for the filing of a document

◇ Filing fees are ordinarily charged in civil matters with the filing of the complaint.

jury fee: a fee that is assessed in some courts as part of the cost of a civil jury trial

orig·i·na·tion fee: a fee charged by a lender for the preparation and processing of a loan

in fee: under title that creates a fee