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What is fee estate?

Fee Estate means the fee interest of the lessor under a Ground Lease in the Land and the Improvements demised under such Ground Lease. Fee Estate means Landlord ’s fee estate in the Premises, including Landlord’s reversionary interest in the Premises after the Expiration Date. Fee Estate means the fee estate of Ground Lessor in the Land.

What is a fee simple defeasible estate?

At the death of the owner, the estate passes to the owner's heirs. A fee simple defeasible estate is an estate in which the duration of ownership is subject to some condition, of which there are 2 types (defeasible means capable of being annulled or voided).

What is a leased fee estate?

Leased Fee Estate – The ownership interest that the landlord or lessor maintains in a property under a lease with the rights of use and occupancy being conveyed or granted to a tenant or lessee. The ownership interest in a leased property.

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