Is fee simple a good thing?
What does fee available for purchase mean?
What is the difference between fee and fee simple?
What is the meaning of in fee?
What does the term fee mean in real estate?
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Does the word fee mean possession?
Frequently Asked Questions
Why is it called a fee simple estate?
What does $20 NNN mean?
How do you calculate triple net?
What does $25 NNN mean?
Why would someone agree to a triple net lease?
- What are the disadvantages of fee simple ownership?
- Disadvantages of Fee Simple Ownership For a lot of individuals, fee simple ownership is more trouble than it is worth. For example, an HOA-governed townhouse or shared property might need a lot of repair work, such as repainting or fixes to doors and windows.
- Is the most common form of real property ownership in the US is fee simple?
- Fee simple. This is the most common type of interest. It is outright ownership. Even if you still owe money on your mortgage, as long as you have the right to sell the house, leave it to your heirs, and make alterations, your ownership is fee simple.
- Is Hawaii leasehold or fee simple?
- Hawaii is one of the few states with leasehold property. Most properties in Hawaii are sold as “fee simple” meaning you own both the physical property and the land. Fee simple ownership is the most comprehensive type of ownership. “Leasehold” property means that you do not own the land.
- What is another name for the fee simple estate?
- The fee simple estate is also called "estate in fee simple" or "fee-simple title", or sometimes simply "freehold" in England and Wales.
In real estate law what does word fee mean
|Does an owner of a fee simple estate sells the property?||Fee Simple: Absolute ownership entitling the property owner to possess, use, or dispose of the property as he or she chooses. In other words, they have the right to sell, give, lease or destroy the property.|
|Is a NNN property a good investment?||NNN Investments are Stable, Hands-off and Long-Term CRE Investments. Investing in NNN properties can be a great opportunity for investors looking for a long-term and stable investment that comes with reliable and consistent cash flow. There are plenty of options for NNN properties all around the country.|
|Why is it called a NNN lease?||A triple net lease (triple-net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance.|
|What does $6 NNN mean?||NNN – Triple Net –This type of lease rate includes the base rental rate plus the three N's. One “N” stands for property taxes, one for property insurance, and the final “N” stands for common area maintenance (CAMs).|
- What is the strongest form of real estate ownership?
- Fee Simple Absolute Estate Fee Simple Absolute Estate It is the strongest form of ownership and nobody can possess more than a fee simple absolute interest in the land.  It is the most extensive interest an individual can possess.
- What does it mean to own something in fee simple?
- The real estate term fee simple describes a landowner's complete and total ownership of a piece of land and all properties on it. The fee simple owner may do anything they wish on the land, as long as it falls within established easements and zoning laws.
- Does fee simple mean forever?
- The highest level of ownership a person can have in any real property is the fee simple. Ownership of a fee simple in a parcel of property means the right to own and possess that property in perpetuity (forever).
- What are the benefits of fee simple ownership?
- Fee simple ownership provides the owner will full enjoyment and control over the property. Fee simple owners can encumber the property as collateral for loans and can bequeath it to a beneficiary in a will, but they're still restricted from breaking the law or local covenants on or within the property.