Fee Simple Absolute

Fee Simple Absolute

A Fee Simple Absolute is a type of property ownership that grants the owner full control and ownership rights over a piece of real estate. It is the highest form of ownership recognized in real estate law, allowing the owner to use, lease, sell, or bequeath the property without any limitations, except for those imposed by law (e.g., zoning regulations).

Under a Fee Simple Absolute, the owner holds the title to the property indefinitely and can pass it down to heirs or sell it without restrictions. This ownership is characterized by its permanence and the absence of conditions or limitations.

For example, if John purchases a house under a Fee Simple Absolute, he can live in it, rent it out, make alterations, or leave it to his children in his will. No other party has any claim or interest in the property, ensuring John’s complete authority over it.

In contrast, other forms of property ownership, such as Fee Simple Determinable or Life Estate, impose conditions or limits on the ownership rights, which can result in reversion of the property to another party under certain circumstances. Thus, a Fee Simple Absolute is often the most desirable form of property ownership due to its security and flexibility.