what is a fee simple estate

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So,What Is Fee Simple?Fee simple is a form of ownership that the law views as unrestricted,absolute ownership of a property by the owner (s) listed on the deed.This is different from leasehold ownership in that the property belongs to the owner. …Fee simple ownership still applies to mortgaged property. …More items…

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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 are fee simple absolute estate interests?

  • Fee simple absolute estate interests are an ownership that allows the person to have complete rights to the land, dispose, or damage it. Explore the history of fee simple absolutes and how they are the highest property ownership estate by the United States.

  • 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.

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