MemotivaReal Estate Exam: Property Ownership Types, Estates, Freehold vs Leasehold

What is fee simple absolute and why is it the highest form of ownership?

Real Estate Exam: Property Ownership Types, Estates, Freehold vs Leasehold

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Fee simple absolute is the most complete form of property ownership recognized in law, granting the holder unlimited rights to use, sell, lease, gift, or will the property. It has no conditions, no time limits, and is freely inheritable by the owner's heirs. Fee simple absolute is the default estate in most real estate transactions and is what buyers typically receive when purchasing a home. It represents the entire bundle of rights associated with real property: possession, control, enjoyment, exclusion, and disposition.
law.cornell.edu