
Fee simple estate
A fee simple estate is the most comprehensive form of property ownership in real estate law. It gives the owner full rights to use, control, and transfer the property without restrictions, subject only to government regulations like zoning or taxes. This ownership can last indefinitely and can be passed on to heirs or sold freely. Essentially, owning a fee simple estate means you have complete, indefinite ownership of the property, making it the highest and most complete form of property interest recognized by law.