limited fee simple

noun

plural limited fees simple

Definition of limited fee simple

1 : a fee simple estate in land that may last forever but is limited to terminate automatically whenever certain circumstances in existence when the estate is created cease to exist : a base, qualified, or determinable fee simple estate

2a : a fee simple estate that is defeasible and may come to an end for any reason (as by reentry after breach of a condition subsequent upon which the estate was limited)

b : a reversion or remainder estate in land or a conditional fee-tail estate

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Dictionary Entries near limited fee simple

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limited company

limited edition

limited fee simple

limited liability

limited liability partnership

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