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Other fee simple estates in real property include fee simple defeasible (or fee simple determinable) estates. A defeasible estate is created when a grantor places a condition on a fee simple estate (in the deed). When a specified event happens, the estate may become void or subject to annulment.
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.
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Everyone would love to own real estate in Hawaii, but does the state provide sound investment opportunities? According to Insider Monkey, Hawaii has the highest housing costs in the U.S. when you ...
Starting in 1847 he became a member of a commission to quiet land titles that led to legislation known as the Great Mahele which formalized fee simple ownership of real estate. On January 16, 1848, he was named Chief Justice of the Superior Court.