![]() Additionally, they can elect whomever they want to inherit the property, whether that be a friend, family member, non-profit, or even a stranger. The owner has the right to do anything they want with their asset, so long as it falls within state, county, city, and zoning regulations.Īn owner with full rights to a property also has the right to divest of the asset whenever they choose, so long as they can supply the new owner with a clear title. So, what actually is a fee simple ownership?įee simple means that the full ownership rights are conveyed with title to the owner. If you buy a single-family home, more than likely, you have taken a fee simple ownership. ![]() ![]() Fee simple is also referred to as a fee simple estate. There are different types of ownership in real estate, with Fee Simple being the most common. ![]()
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