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.


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.


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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