… If you buy a home, that means you own the land, the home and any other outbuildings on that land, including sheds, garages or coach houses. Do you own the property in fee simple?įee simple refers to how people own real estate. He is free to do whatever he wishes on the land subject to local zoning ordinances. The owner of the property has full and irrevocable ownership of the land and any buildings on that land. What type of estate is fee simple?įee simple is a term that refers to real estate or land ownership. A fee simple is generally created when a deed gives the land with no conditions, usually using the words like “to John Doe” or “to John Doe and his heirs”. This type of unlimited estate is called absolute. Land owned in fee simple is owned completely, without any limitations or conditions. What are the two types of fee simple Defeasible?Īn interest in land.Why is a free simple estate called the highest form of ownership?.What is the difference between a fee simple determinable estate?.What are the two types of life estates?.
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