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#1
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TitleWhat is the name of your state? CA Our preliminary title report says: The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE Title to said estate at date herof is vested in: ....some living trust. ... My question is, how different is A FEE from FEE SIMPLE. Does it mean that we will own the land, and not lease it? Thanks! |
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#2
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| Fee title is any kind of present ownership of real property. The fee estate is distinct from other interest, such as a leasehold estate (a tenant's interest) or an easement. Fee simple absolute is the most common kind of fee interest in the US, and represents full ownership without any restrictions or limitations in the quality of title itself. |
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#3
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TitleState: CA Thanks! But I am still confused. Does A FEE mean you own the land but with limitations? Its definitely not a leasehold, right? I gather that FEE SIMPLE ABSOLUTE is the 'strongest' interest. But when a title report says : 'a fee' is it different from 'fee simple'. Sorry if its a redundant question but you are talking to an engineer, with no brushes whatsover with the law :-) |
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#4
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| The terms fee and fee simple basically mean the same thing. Now if this website name was changed to feeadvice.com, that would be drastically different. |
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