base fee

noun

variants or base fee simple
1
: a determinable fee
broadly : a defeasible fee-simple estate (such as a conditional fee)
2
obsolete
a
: an estate held by a tenant at the will of the tenant's lord or superior
b
: the status of an estate conveyed by a tenant in tail out of possession as a fee simple without proper adherence to the relevant rules of law

Word History

Etymology

base entry 3

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Cite this Entry

“Base fee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/base%20fee. Accessed 21 Feb. 2024.

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