(law) Fee simple, fee tail or life estate tenure in real property. (a) Fee simple means that an individual has tenure without limitation or restriction on transfer of ownership by sale or inheritance. (b) Fee tail means that only a specified individual or group of heirs is granted tenure. (c) Life estate means that tenure is granted to a specific individual during his or her lifetime or to an individual during the lifetime of the person in whose name the life estate is granted.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support