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fee, vendor and purchaser

FREEHOLD. The owner of a freehold estate in fee simple is the possessor of the greatest interest that a person can have in land. It belongs to him absolutely, and he can do with it what he pleases.

A freehold estate may also be held in fee tail (see FEE TAIL), or as an estate for life (see LIFE TENANT).

Where freehold property is conveyed to a purchaser in fee simple it is effected by means of a deed called a conveyance.

Stamp, The following is an example LIO. , of the general form in which an ordinary simple convey _ . ance may be drawn : This Indenture, made the first day 1 1of December one thousand nine hundred (and ten i Between John Brown of Carlisle in I the County of Cumberland, gentleman, ,, hereinafter called the vendor, of the one part, and John Jones of Leeds, in the County of York, Engineer, hereinafter called the purchaser of the other part, i Whereas the vendor is seised of tile 3 hereinafter conveyed for , an estate of inheritance in fee simple 1 in possession free from incumbrances, Whereas the vendor has agreed with the purchaser for the absolute 4 - sale to him of the hereditaments here ' inafter conveyed at the price of one thousand pounds.

. Now this Indenture Witnesseth that in pursuance of the said agreement and 5in consideration of the sum of one -1 thousand pounds now paid to the vendor by the purchaser 6 1 (the receipt whereof the vendor i hereby acknowledges) 1 the vendor, as beneficial owner, doth (hereby convey unto the purchaser All that piece or parcel of land situate in Warwick Road, Carlisle, containing one thousand two hundred square yards or thereabouts, bounded on the north by, etc., and more 8 particularly described in the plan drawn on the margin of these presents and coloured red, Together with the three houses erected and built upon the said piece or parcel of land To Hold the hereditaments hereby conveyed unto and to the use of the his heirs and assigns (or the words " in fee simple," instead of " his heirs and assigns "). In witness whereof the said parties have hereunto set their hands and seals the day and year first above written.

Signed, sealed and delivered by the within named JOHN Seal John Brown in the BROWN.

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