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Fee

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FEE, an estate in land held of a superior lord on condition of the performance of homage or service (see FEUDALISM). In English law "fee" signifies an estate of inheritance (i.e., an estate descendable to the heirs of the grantee so long as there are any in existence) as opposed to an estate for life. It is divisible into three species: (,) fee simple; (2) conditional fee; (3) fee tail. (See ESTATE.) A fee farm rent is the rent reserved on granting a fee farm, i.e., land in fee simple, to be held by the tenant and his heirs at a yearly rent. Also payment for professional services. (See RENT.)

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