Freehold Interest

Fee Simple Absolute - Fee Simple Absolute is the highest form of ownership interest one can acquire in real estate, granting the holder complete and unrestricted rights to the property. This ownership is inheritable and free of any conditions or limitations beyond standard government-imposed restrictions like zoning and taxes

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/R7y4MfRVjPqdQsxJpyGbD67
Label (rdfs): Fee Simple Absolute
Preferred Label: Freehold Interest
Alternative Labels: Freehold Estate
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Definition and Examples

Definition: Fee Simple Absolute is the highest form of ownership interest one can acquire in real estate, granting the holder complete and unrestricted rights to the property. This ownership is inheritable and free of any conditions or limitations beyond standard government-imposed restrictions like zoning and taxes
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Translations

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Class Relationships

Sub Class Of: Property Rights
Parent Class Of: Fee Simple Determinable Interest

Fee Simple Subject to a Condition Subsequent
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Additional Information

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Deprecated: False

Metadata

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