What is "Land Type: Fee"?
When you see "land type: fee," written on the information sheet for a home you might be interested in buying, this is actually a term that describes how you would own the property. The term "fee" in this context does not refer to anything monetary whatsoever- there is no charge to you. The word "fee" in this context refers to the type of property interest that is being sold and that you would own the property "in fee" or "fee simple" which is the highest type of ownership.
When you see "land type: fee," written on the information sheet for a home you might be interested in buying, this is actually a term that describes how you would own the property. The term "fee" in this context does not refer to anything monetary whatsoever- there is no charge to you. The word "fee" in this context refers to the type of property interest that is being sold and that you would own the property "in fee" or "fee simple" which is the highest type of ownership.
