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- Fee
- (1) Fixed amount which a trust institutions receives as compensation for its services; to be distinguished from allowance, charge, and commission. (2) An estate of inheritance in real property sometimes referred to as an estate in fee, or fee simple estate.
- Fee
- (1) Modernly, and not in strict legal terms, synonymous with fee simple or "ownership". (2) A charge made by a landlord to a tenant, which is not refundable. For example: A cleaning deposit would be refunded if the tenant left the rented property reasonably clean. A cleaning fee would be a charge by the landlord for cleaning the rented property and would not be refunded regardless of the condition of the property.
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Legal & Compliance, LLC
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800-341-2684 fax: 561-514-0936 |
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