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Fee simple is a term used to describe the ownership interest in a given property that is extended with no limitations of any kind on the recipient.What is fee simple mean?
Definition of Fee Simple. Fee simple is a legal term describing the most common and absolute type of property ownership. The owner's property rights are indefinite and can be freely transferred or inherited as the owner desires.What does fee simple mean in real estate?
Fee simple. In English law, a fee simple is an estate in land, a form of freehold ownership. It is the way that real estate is owned in common law countries, and is the highest ownership interest possible that can be had in real property.What is the definition of fee simple?
Legal Definition of fee simple. : a fee that is alienable (as by deed, will, or intestacy) and of potentially indefinite duration especially : fee simple absolute in this entry. — fee simple absolute.