What is the meaning of “In Fee”, mentioned in deed for property transfer?
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What is the meaning of “In Fee”, mentioned in deed for property transfer?
Deed represents that the property is granted to so and so, in fee.
Asked on September 20, 2011 under Real Estate Law, Pennsylvania
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The term that you inquire about regarding the property being granted "in fee" means that the entirety of the property is being transferred to you as an owner (no fractionalized interest and no lease).
A fee simple absolute transfer is the best type of property transfer that one can receive with respect to the entirety of the property. If the transfer is by way of a grant deed, the grantor warrants that he or she has good title to give. If the transfer is by way of a quitclaim deed, the person signing the quitclaim deed is only disclaiming all interests that he or she may have in the property to the person receiving it.
It is best to receive a grant deed.
Good question.
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