Indiana Code > Title 32 > Article 17 > Chapter 1 – Fee Simple Interest
Current as of: 2024 | Check for updates
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Other versions
| § 32-17-1-1 | “Grantor” |
| § 32-17-1-2 | Fee simple conveyance |
| § 32-17-1-3 | Estates tail; abolition |
| § 32-17-1-4 | Lineal and collateral warranties; abolition |
Terms Used In Indiana Code > Title 32 > Article 17 > Chapter 1 - Fee Simple Interest
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Grantor: The person who establishes a trust and places property into it.
- grantor: means every person by whom an estate or interest in land is:
Indiana Code 32-17-1-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.