Simple Property The real estate term fee simple describes a landowner s complete and total ownership of a piece of land and all properties on it The fee simple owner may do anything they wish on the land as long as it falls within established easements and zoning laws
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Simple Property
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Fee simple is a legal term used in real estate that means full and irrevocable ownership of land and any buildings on that land Fee simple is the highest form of ownership it means the land Sole proprietor insurance groups together different types of small business coverage that cover your small business for a range of issues such as accidental property damage and injuries to others
1 Properties Basic Ideas 1 1 How We Speak of Properties 1 2 Arguments for Properties 1 3 Traditional Views about the Existence of Universals 1 4 Properties in Propositions and States of Affairs 1 5 Relations 1 6 Universals versus Tropes 1 7 Kinds of Properties 2 Exemplification 2 1 Monist vs Pluralist Accounts Most residential property in the U S is fee simple Fee simple ownership is still vulnerable to creditors with judgments and unpaid property taxes How Fee Simple Ownership Works The concept of fee simple ownership traces back to feudal England
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2 You can pass the property along to your heirs If you have fee simple ownership of a property it becomes part of your estate and you have the right to decide who inherits it after you die Fee simple ownership also known as fee simple absolute is the most complete and highest form of property ownership one can have With fee simple ownership an individual has complete and absolute ownership of the property including the land and any improvements on it without any limitations or conditions
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