Fee simple defeasible definition of fee simple defeasible. This means that the estate is subject to the occurrence or nonoccurrence of some events specified by the grantor. Fee simple defeasible a fee simple defeasible is a fee simple that could end with the violation of a condition. To acquire fee simple title to property, a tax deed purchaser must foreclose the right to redeem pursuant to state law. Handbook of defeasible reasoning and uncertainty management.
Quia emptores a statute in 1290 that prohibited the subinfeudation of land and, in effect, permitted tenants alienate by substitution without. Fee simple determinable terminates the interest in a property when conditions are not met or are violated. Three types of defeasible estates are the fee simple determinable, fee simple subject to an executory limitation or interest, and the fee simple subject to a condition subsequent. When a person owns a fee simple absolute estate interest, that person has the absolute right to use the land, possess it, dispose of it through sale, will, gift, or in any other manner, and even. Defeasible estate law and legal definition uslegal, inc. Unless a defeasible estate is clearly intended, modern courts will construe the language against this type of estate. Various types of fee simple include a fee simple defeasible and fee simple absolute. So antonio has a fee simple determinable and oglethorpe has the possibility of reverter. Because a defeasible estate always grants less than a full fee simple, a defeasible estate will always create one or more future interests. Dictionary entry details defeasible adjective sense 1.
Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus. Defeasible definition is capable of being annulled or made void. The legal axiom of caveat emptor or buyer beware applies at tax sales ocga section 9167. Is an estate that would be a fee simple absolute but for a provision in the transfer document that states that the estate shall automatically end on the happening of an event for nonevent. Defeasible logic, originally created by donald nute with a particular concern about efficiency and implementation, is a simple and efficient rule based nonmonotonic formalism. By continuing to use this site you consent to the use of cookies on your device as described. Defeasible reasoning is a particular kind of nondemonstrative reasoning, where the reasoning does not produce a full, complete, or final demonstration of a claim, i. Synonyms for defeasible at with free online thesaurus, antonyms, and definitions. Defeasible definition of defeasible by merriamwebster. Types of fee simple defeasible include fee simple determinable, fee simple subject to condition subsequent, and fee simple subject to executory limitation. Fee simple defeasible can be confusing, because it is easy to assume that if the interest could end, then one of the two characteristics of a fee simple may not be met. An estate in fee but which is liable to be defeated by some future contingency. A defeasible fee simple which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about.
Guido governatori, who provided me with guidance, insights and their constant support. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel. In other words,someone must take an action in order for the estate to come to an end. Indefeasible definition of indefeasible by the free. Licensing information booklet securities and futures. An interest in real property that may be defeated upon the happening of a certain described event. And her heirs are words of limitation, not words of purchase. Buy handbook of defeasible reasoning and uncertainty management systems. Algorithms for uncertainty and defeasible reasoning. This statement would not stand up to rigorous reasoning, because the earth could stop turning or the sun could suddenly explode into a nova. Quia emptores a statute in 1290 that prohibited the subinfeudation of land and, in effect, permitted tenants alienate by substitution without obtaining permission of their lords. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Dec 22, 2019 a fee simple defeasible title is the second most powerful means of owning property.
Defeasible fee and the birth of the modern residential subdivision. Fee simple defeasible definition is a feesimple estate that may come to an end under a stipulated provision. Oglethorpe has nothing, and alice s heirs have nothing they dont exist yet. For example, the remaining property shall go to robin unless she becomes divorced from john. Your use of this heinonline pdf indicates your acceptance. For example, if a title is given to an individual on the contingency that the individual does not get married before the age of 29 and the individual gets married before 29, the title can be revoked. Oglethorpe to abner for life, then to belinda, then to charlotte and her heirs. Three types of defeasible estates are the fee simple determinable, fee simple subject to an executory. The grantor is conveying a fee simple only until an event happens. Jeff is selling a commercial building to peter, but also is acting as the financier. A defeasible estate is created when a grantor transfers land conditionally. Definition of fee simple defeasible afshan moosa, real estate agent coldwell banker residential broker the granting of a fee owner ship estate that can be defeated and return to the grantor should a.
This term applies to any condition where ownership of the property is dependent on the occurrence or nonoccurrence of a certain event. Defeasible fees, state action, and the legacy of massive. Definition of fee simple defeasible afshan moosa, real estate agent coldwell banker residential broker the granting of a fee owner ship estate that can be defeated and return to the grantor should a certain event occur. In other words, defeasible reasoning produces a contingent statement or claim.
Numerous and frequentlyupdated resource results are available from this search. Here is an example of the three types of fee simple defeasible. Potentially subject to defeat, termination, or annulment upon the occurrence of a future action or event, or the performance of a condition subsequent. Over the year the logic has been developed and extended, and several variants have been proposed. A warranty deed is a legal instrument in which the party granting the deed more or less guarantees that he will give the transferee fee simple title. Defeasible estates twothree defeasible fees simple 1. Fee simple defeasible what is fee simple defeasible. Defeasance, as its name suggests, is a method for reducing the fees required when a borrower decides to prepay a fixedrate commercial real estate loan. A fee simple defeasible is a fee simple that deals with the conveyance of a property with conditions. A remainder which can cease to exist should a condition occur. Defeasible reasoning is a useful tool when many facts about a situation are unknown.
A fee simple defeasible estate is an estate in which the duration of ownership is subject to some condition, of which there are 2 types defeasible means capable. The transfer, relinquishment, surrender or exercise at any time or times by a resident or nonresident of this state, of any right to nominate or change the beneficiary or beneficiaries of any contract of insurance insuring the life of such resident or. Indefeasibly definition of indefeasibly by the free. The decision in hermitage methodist homes of virginia, inc. For unifying servitudes and defeasible fees digitalcommons. Information and translations of defeasible in the most comprehensive dictionary definitions resource on the web. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Fee simple defeasible financial definition of fee simple. A fee simple defeasible title is the second most powerful means of owning property. The relationship between fee simple title and a warranty deed is not comparative. Definition of defeasible laura fernandez, real estate agent prime realty group claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upon the satisfaction of a claim or completion of a future event. Acknowledgements my heartfelt gratitude goes to my supervisors dr.
Indefeasible definition of indefeasible by the free dictionary. A formal framework for the methodology of research programs, foundations of science, 16. Defeasible reasoning reasoning with many unknown factors. Mar 28, 2017 the relationship between fee simple title and a warranty deed is not comparative.
Fee simple is a type of property interest where the property is possessed infinitely and where the property may be inherited by ones heirs. This statement would not stand up to rigorous reasoning, because the earth could. This future interest is called an executor interest. Conditional grants of land are called defeasible fees. Defeasible reasoning legal definition of defeasible reasoning.
You are reminded that a tax deed only conveys defeasible title to property. Tax sale information booklet cherokee county, georgia. Defeasible estate law and legal definition a defeasible estate is created when a grantor transfers a land on the happening of an event or a condition stated by the grantor. All three types of defeasible fees have potentially infinite duration like fsa, but only if the stated event does not occur property i outline pg. Because a defeasible estate always grants less than a full fee simple, a defeasible estate. Defeasible reasoning stanford encyclopedia of philosophy. The powerful ownership of fee simple defeasible real estate. Gain more insights from legalmatchs online law library today. Fee simple defeasible a fee simple defeasible is a special condition found in some deeds. The only exceptions which exist are the basic four government regulations, which are taxation, escheat, eminent domain, and police power, and, or a covenants restrictions on a deed. You cant expect people to go online to search for your hidden fees. The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the happening of a certain specified event, for example, the.
It uses words of duration, such as so long as while used for, and until. If the conditions of ownership are violated, the property may be returned to the grantor or to a specified third party. Agentbased defeasible control in dynamic environments handbook of defeasible reasoning and uncertainty management systems 9781402008344. Defeasible estates fee simple determinable o to a and his heirs so long as the land is used for residential purposes it will end automatically when an event occurs. Defeasible definition, capable of being annulled or terminated. Difference between covenants and fee defeasible answered by a verified real estate lawyer we use cookies to give you the best possible experience on our website. Title that could be void or revoked at a future date or for a particular reason. By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. Entin the supreme court of virginia recently upheld the validity of a whitesonly provision in an educational trust. Fee simple is a type of estate that entails full ownership of the property. It must be a fee simple defeasible, but the condition is ambiguous and poorly drafted. An example of defeasible reasoning would be the statement that the sun will rise tomorrow.