![]() ![]() The fee simple absolute estate, the fee simple determinable estate, the fee simple subject to a condition subsequent estate, the fee tail estate, and the life estate.In property law, there are several forms of estates recognized, including freehold estates, which include: To assist overcome this barrier, the United States (and many other nations) have constructed a legal system in which when a person sells land, the interest in the land, or the estate, is really transmitted. While it is not universal, certain jurisdictions are known to have two forms of ownership: fee simple and leasehold.īecause land is too large to physically transfer, when a person transfers it, the land does not truly change hands. However, depending on where the property is located, ownership may signify a variety of things. ![]() Real estate ownership appears to be quite simple. Leasehold |What is Fee Simple in Real Estate? Introduction ![]()
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