Definition, Meaning & Synonyms
hold-in-fee
Legal term
/hoʊld ɪn fiː/
Definition
A form of ownership of land or property that entails complete control and the ability to transfer that ownership.
Examples
- They hold the estate in fee simple, allowing them to do as they wish with the property.
- After years of leasing, she finally decided to hold-in-fee to secure her family’s future.
- His property is held-in-fee, which means he can sell or bequeath it without restrictions.
Meaning
To hold property in fee simple means that the owner possesses the highest degree of rights and powers over the land without conditions.
Synonyms
- fee simple
- full ownership
- absolute ownership
