Fee simple
Term · Law · MLC-T-LAW-002087
An estate in land that represents the most complete form of ownership, granting the holder full possessory rights and the ability to transfer the property to heirs. It is the highest and most extensive interest in real property that an individual can possess. This type of estate can be inherited by any heir.
| Identifier | MLC-T-LAW-002087 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002087",
"term": "Fee simple",
"field": "Law",
"definition": "An estate in land that represents the most complete form of ownership, granting the holder full possessory rights and the ability to transfer the property to heirs. It is the highest and most extensive interest in real property that an individual can possess. This type of estate can be inherited by any heir.",
"url": "https://mlchart.com/terminology/law/fee-simple/"
}
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