base fee
base fee base fee, formerly, an estate held at the will of the lord; now, a qualified fee. see note under fee, n., 4... see base | ||||
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Base fee Definition from Encyclopedia Dictionaries & Glossaries
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Base fee
In law, a base fee is a freehold estate of inheritance which is limited or qualified by the existence of certain conditions. In modern property law the commonest example of a base fee is an estate created by a tenant in tail, not in possession, who bars the entail without the consent of the protector of the settlement. Though he bars his own issue, he cannot bar any remainder or reversion, and the estate (i.e. the base fee) thus created is determinable on the failure of his issue in tail.
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