FEE SIMPLE… - Appraisal Institute
2. Definition . The definition of32. fee simple. in the . First Restatement of Property . is as follows: An estate in fee simple absolute is an estate which33 has a duration potentially . 34. infinite, or if limited in favor of a natural person, would be inheritable by his . 35. collateral as well as by his lineal heirs (Wolf 2009, section 13 ... ................
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