"A fee simple or fee simple absolute is an estate in land, a form of freehold ownership."
The different types of title ownership, including fee simple absolute, life estate, and future interest.
Types of property ownership: Understanding the different types of property ownership such as fee simple, leasehold, and joint tenancy.
Real Estate Transactions: Understanding how property ownership is transferred through real estate transactions such as buying, selling or leasing.
Easements and Right-of-Way: Understanding how properties can be granted or restricted access and use.
Deeds and Titles: Understanding the legal documents which transfer ownership of property and establish the rights to such property.
Encumbrances: Understanding how liens and other encumbrances can affect the transfer of ownership.
Zoning regulations: Understanding how zoning ordinances and other regulatory requirements impact property ownership.
Adverse Possession: Understanding how someone can acquire property through long-term occupation and use.
Boundaries: Understanding how property boundaries are established and enforced.
Intellectual Property: Understanding how ownership rights of intangible property such as trademarks and patents are enforced.
Landlord-Tenant Laws: Understanding the legal relationship between property owners and tenants, and the rights and obligations of both parties.
Consumer Protection: Understanding the legal protections provided to consumers in real estate transactions.
Environmental Laws: Understanding the impact of environmental laws on property ownership and development.
Fee Simple Absolute: This is the highest form of ownership, and the owner has complete and absolute control over the property.
Life Estate: The owner has the right to use and enjoy the property for the duration of their lifetime, but ownership reverts to another person or entity when the life tenant dies.
Joint Tenancy: Two or more persons own the property jointly, with the right of survivorship, i.e. when one owner dies, their share automatically passes to the surviving owner(s).
Tenancy in Common: Two or more persons own the property, but each has a separate and distinct share, and there is no right of survivorship.
Community Property: This type of ownership is recognized in some states and applies to property acquired during marriage, where each spouse has an equal share in the property.
Condominium: The owner has a fee simple ownership of a specific unit or apartment within a larger building or complex, as well as an undivided interest in common areas such as hallways, elevators, and recreational facilities.
Cooperative: This type of ownership involves the purchase of shares in a corporation that owns the building, and the shareholder has the right to occupy a specific unit or apartment within the building.
Leasehold: This involves the right to occupy or use the property for a specified period, but ownership remains with the landlord.
Easement: This is a right to use or access part of someone else's property, such as a private road or a shared driveway, without owning the property itself.
Servitude: This is a similar right to use or access someone else's property, but the property owner is obligated to maintain the property for the benefit of the servitude holder.
"A 'fee' is a vested, inheritable, present possessory interest in land."
"A fee simple is real property held without limit of time under common law."
"The highest possible form of ownership is a fee simple absolute."
"The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, police power, and escheat..."
"...may also be limited further by certain encumbrances or conditions in the deed..."
"A fee simple absolute is without limitations on the land's use."
"...a condition that required the land to be used as a public park, with a reversion interest in the grantor if the condition fails..."
"...a reversion interest in the grantor if the condition fails, this is a fee simple conditional."
"The highest possible form of ownership is a fee simple absolute, which is without limitations on the land's use."
"The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, police power, and escheat..."
"A fee simple is real property held without limit of time."
"...may also be limited further by certain encumbrances or conditions in the deed..."
"A fee simple or fee simple absolute is an estate in land, a form of freehold ownership."
"The highest possible form of ownership is a fee simple absolute."
"A 'fee' is a vested, inheritable, present possessory interest in land."
"...the highest possible form of ownership is a fee simple absolute, which is without limitations on the land's use... this is a fee simple conditional."
"The rights of the fee-simple owner are limited by...compulsory purchase, police power, and escheat..."
"The rights of the fee-simple owner are limited by government powers of taxation..."
"A fee simple is real property held... whereas the highest possible form of ownership is a fee simple absolute, which is without limitations on the land's use."