Examples of Fee simple estate in a sentenceįee simple estate is the unencumbered ownership of real property limited only by the four powers of government: taxation, police power, eminent domain, and escheat.įee Simple Interests Fee simple estate is defined as an absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.įee simple, estate in perpetuity, life estate, State lease, temporary occupation licence The estate in perpetuity, State lease and the temporary occupation licence (not an interest in land but a mere temporary right of occupation granted by the State) are creations of statute, created by the State Lands Act.Īccording to The Dictionary of Real Estate Appraisal, Fifth Edition, 2010, by the Appraisal Institute, Fee simple estate - Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.
