What Does "Fee Simple Ownership" Mean?

what does beneficial ownership mean

Creation of Fee Simple

Fee simple ownership is the strongest and most complete form of ownership as no other parties have any ability to limit the rights of the owner. While historically fee simple ownership was created using very specific legal language, modern courts recognize other ways to create fee simple ownership.

Right to Transfer

As no other parties have the right to interfere with the property rights of a fee simple owner, fee simple owners can permanently transfer the ownership rights to any party at any time. The legal term for this right is alienability. Fee simple owners also have the ability to pass the property on to

another party after death via a will.

Creation of Life Estates

Passes to Heirs

Trending in Your Area

How to Dispute a Property Assessment

Disputing a property assessment is something that.

  • Title Search vs. Title Insurance

    Title insurance is a product, while a title search is.

  • Risks When Renovating a House

    When renovating a house, one risk you're going to have.

    The Effect of PMI Insurance on Help Offered.

    The acronym PMI stands for "private mortgage.

    Source: homeguides.sfgate.com

    Category: Credit

    Similar articles: