LIMITED FEE SIMPLE


Meaning of LIMITED FEE SIMPLE in English

noun

( plural limited fees simple )

1. : a fee simple estate in land that may last forever but is limited to terminate automatically whenever certain circumstances in existence when the estate is created cease to exist : a base, qualified, or determinable fee simple estate

2.

a. : a fee simple estate that is defeasible and may come to an end for any reason (as by reentry after breach of a condition subsequent upon which the estate was limited)

b. : a reversion or remainder estate in land or a conditional fee-tail estate

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.