The owner has the possessory right to the property, and the owner controls access and rights of others to possess and occupy the property.Ī Fee Interest Is Inheritable and Perpetual An owner of a fee simple absolute estate has unconditional ownership and control of the rights and interests in real property within the allowances of the law.įee simple absolute is also referred to as fee simple, fee absolute, fee interest, estate in fee, or fee.Īn Estate In Fee Encompasses Both Current and Future Possessory Rightsįee simple absolute entitles the owner to the current and future rights of possession of the property. Fee simple absolute is the term used to describe the highest form of real estate ownership under the legal system in the United States.
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