Fee Simple

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A Fee Simple Estate is the highest and most complete form of ownership possible.  A fee simple estate is an estate of indefinite duration that lasts beyond the owner's death.  The holder of a fee simple estate is the owner. " Fee" and "fee simple absolute" are synonymous with fee simple and the terms are used interchangeably.

 

Fee simple:

 

Is the most common form of ownership
Includes the right to use the land now and for an indefinite time in the future
Includes the right to leave ownership to heirs

 

A fee simple estate is subject to:

 

Governmental restrictions
Private restrictions

 

The holder of a fee simple estate (owner) may do anything he/she likes provided that it is legal and is not restricted by government or prior agreement.

 

Related Topics

 

Fee Simple

Life Estate

Freehold Estate

Leased Fee

Leasehold Estate

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