fee simple absolute in possession
Definition
Highest form of legal estate in freehold land denoting complete ownership. 'fee simple' means ownership that will not end with the death of the present owner but will descend to his or her heirs. 'Absolute' means that owner's rights of ownership are not limited by any condition. And 'in possession' signifies immediacy of those rights. Also called by its short form 'fee simple.'
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