fee simple absolute in possession definition

fee simple absolute in possession

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.'

fee simple absolute in possession appears in the definitions of the following terms: freehold estate, freehold land, allodial system, fee simple and fee

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