![]() There’s not only an entire legal course exploring the nuances of these property terms and the codes they invoke, but additional coursework to learn to write leases, divide condominium interests, convey property and interests therein as part of a will or trust, etc. I am flattening this a bit what I have explained is actually called fee simple absolute there are also various classes of fee simple conditional, which is a more limited holding- but we don’t need to get into this. ![]() Some things that a fee simple ownership allows one to do: transfer the property to someone else temporarily (examples: a lease, a life estate) or permanently (a sale, either of the property in its entirety or of some divided piece of the land or of the rights that come with the land), construct things (“improvements”) like buildings or fences on the property, dig for minerals or harvest resources. ![]() At its most basic application, holding property in fee simple means that land is owned in perpetuity* by someone (or by a group of someones or a corporate entity), and that ownership of land comes with a bundle of rights extending down into the ground and up into the air.
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