base fee

noun
variants: or base fee simple

Definition of base fee

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

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History and Etymology for base fee

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Cite this Entry

“Base fee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/base%20fee. Accessed 8 Mar. 2021.

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