a fee simple estate is also known as

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  • What is a fee simple estate in real estate?

  • Fee Simple. A fee simple represents absolute ownership of land, and therefore the owner may do whatever he or she chooses with the land. If an owner of a fee simple dies intestate, the land will descend to the heirs. The term fee used independently is an adequate designation of this type of estate in land.

  • What happens to a fee simple estate when the owner dies?

  • If an owner of a fee simple dies intestate, the land will descend to the heirs. The term fee used independently is an adequate designation of this type of estate in land. The term simple is added to distinguish clearly this estate from other interests in real property.

  • What is a fee estate in land?

  • The term fee used independently is an adequate designation of this type of estate in land. The term simple is added to distinguish clearly this estate from other interests in real property. West’s Encyclopedia of American Law, edition 2.

  • What is an economic interest in a fee simple estate?

  • A fee simple estate denotes complete, but not absolute, ownership. The most common type of economic interest is created when the fee simple estate is divided by a written lease, such as a farmer who leases lands for crops or for grazing livestock.

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