Ownership and estates
Fee simple absolute
The most complete ownership recognized in law: unlimited in duration, freely transferable
The whole bundle of rights with no condition and no end date, inheritable and freely conveyable. Every other estate is described by what has been carved out of it.
How the exam asks about it
The default answer when a question describes ownership with no strings attached. Everything else — defeasible fees, life estates, leaseholds — is defined against it.
Related terms
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