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About: Fee simple     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Place, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: place New Facet based on Instances of this Class

In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute," which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination).