real estate






 

Question by  Melinda (17)

What is the legal definition of fee simple interest ownership?

I am trying to understand some real estate legal paper work and do not understand what is intended by fee simple interest ownership of the property.

 
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Answer by  rhonda515 (607)

Fee simple ownership means that a person owns their property without encumberance. it can only be taken by eminentt domain or government intervention.

 
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Answer by  blahblah (670)

"Fee simple interest" means ownership of all of the rights associated with a property. The rights include the right to occupy it, sell it, rent it, give it away, borrow against it, etc. If you own the fee simple interest to a property, you own it absolutely, subject only to government powers.

 
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