Nasdaq

How Does a Fee Simple Defeasible Estate Work in Real Estate?

A fee simple defeasible estate is a type of property ownership in which the owner holds title to the property with specific conditions or limitations. Fee simple defeasible estates are common in real ...
Nasdaq

What Is a Fee Simple Absolute Ownership in Real Estate?

Fee simple absolute is a type of property ownership that grants the owner full rights to use, sell, lease, or transfer the property without restrictions. It remains in effect indefinitely unless ...

Understanding the Habendum Clause in Real Estate and Oil Leases

The habendum clause defines rights and terms in property transfer contracts, crucial in real estate and oil leases. Discover ...
JD Supra

Court Holds That A Wife Devised Her Property In Fee Simple Determinable To Her Husband With An Executory Interest To Her Son; So, After The Husband Died, If He Still Owned The ...

In In re Estate of Hernandez, the issue in the case was whether clauses in a will conveyed a life estate to the decedent’s husband. No. 05-16-01350-CV, 2018 Tex. App. LEXIS 755 (Tex. App.—Dallas ...
Forbes

To Protect Your Real Estate, Remember That It's 'A Bundle Of Sticks'

What is “real estate,” really? Most people might say it's the land and/or structures appurtenant to it. I agree with that (I should; I came up with it) but I think owners should also consider what is ...
JD Supra

Court of Appeals of Virginia Determines Will Creates Determinable Life Estate with a Contingent Fee Simple Subject to a Condition Precedent and no Remainder Interest

On Tuesday, in Brown v. Johnson, Record No. 0491-23-4 (Ct. App. Va. April 16, 2024), available here, the Court of Appeals of Virginia affirmed a decision from the Circuit Court of Fairfax County, ...