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feudal system
An ancient system of land ownership. Under old English common law, the king owned all lands.All other people were mere tenants,who enjoyed possession solely by virtue of the goodwill of the overlord above them. By the seventeenth century the system was replaced by the allodial system we know today.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.