Fee Simple

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.