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Fee Simple Ownership in Real Estate

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Definition: The law recognizes this form of estate (ownership) in real estate as the highest form. The property owner is entitled to full enjoyment of the property, limited only by zoning laws, deed or subdivision restrictions or covenants.

The duration of this ownership is not limited and can be passed along in a will to the owner's heirs.

Also Known As: "fee ownership" and "estate of inheritance"

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