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The strongest form of ownership is known as the fee simple absolute. (or fee simple, or merely fee). This is what we think of when we say that someone owns the land.
Fee simple. This is the most common type of interest. It is outright ownership. Even if you still owe money on your mortgage, as long as you have the right to sell the house, leave it to your heirs, and make alterations, your ownership is fee simple.
Top 5 Real Estate Investments With the Most Profit Potential Residential Rental Properties. Commercial Real Estate. Fix and Flip Properties. Short-Term Vacation Rentals. Real Estate Investment Trusts (REITs)
Other than outright purchase of personal property, there are various ways in which to acquire legal title. Among these are possession, gift, accession, confusion, and finding property that is abandoned, lost, or mislaid, especially if the abandoned, lost, or mislaid property is found on real property that you own.
Fee simple is the highest form of ownership it means the land is owned outright, without any limitations or restrictions other than local zoning ordinances.
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Sole ownership or tenancy of severalty. By far the most simple, this occurs when a single person owns the property. Sole ownership means that person is free to sell, gift, or bequeath the property to anyone without needing permission of any kind.
Fee Simple Absolute Estate Simply put, an owner with a fee simple absolute has control of the ENTIRE bundle of sticks. It is the strongest form of ownership and nobody can possess more than a fee simple absolute interest in the land. [3] It is the most extensive interest an individual can possess.

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