An in-depth examination of Fee Simple Absolute, detailing its definition, types, special considerations, historical context, and applicability in real estate.
Fee in the context of real property refers to an estate of complete ownership that can be sold or devised to heirs. Additionally, a fee can signify the cost of professional services.
Fee Simple, or Fee Absolute, represents the most complete ownership of real property, with unconditional power of disposition during the owner's life, and inheritance rights upon death.
Seisin refers to the possession of real property by an individual who claims ownership of a fee simple estate, a life estate, or another sellable interest. See also: Title.
Detailed explanation of unencumbered property in real estate, emphasizing free and clear title, property ownership in fee simple, absence of liens, restrictive covenants, granted easements, and leases.
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