Definition of Fee Simple

Fee simple is a term in real estate that refers to the highest form of property ownership, providing the property owner with the most comprehensive set of rights and privileges. Under fee simple ownership, the owner has full control over the land and any improvements on it, including the right to possess, use, enjoy, and dispose of the property as they wish, subject to public or private restrictions such as zoning regulations and easements. Fee simple ownership can be passed down to heirs, and there is no predetermined end date to the ownership rights.

Related terms

1. Deed
2. Easements
3. Fee simple absolute
4. Freehold estate
5. Leasehold estate
6. Life estate
7. Property rights
8. Zoning

References

• Legal Information Institute (LII): “Fee Simple”
• Investopedia: “Fee Simple Definition”
• Realtor.com: “What Is Fee Simple? The Most Common Type of Property Ownership”