Asked by Katelyn Goodridge on May 07, 2024
Verified
The greatest ownership interest a person may have in real property is:
A) fee simple absolute.
B) tenancy by the entireties.
C) life estate.
D) vested remainder.
Fee Simple Absolute
A type of freehold ownership where the owner has the greatest possible aggregation of rights, privileges, and power over a piece of property.
Ownership Interest
This denotes the rights and claims an individual or entity has over a property or investment.
Real Property
Land, and generally whatever is erected or growing upon or affixed to land, including buildings and crops.
- Acquire a thorough knowledge of the basic tenets of property rights and their legal implications.
Verified Answer
NR
natasha riveraMay 11, 2024
Final Answer :
A
Explanation :
Fee simple absolute provides the highest degree of ownership interest in real property, granting the owner full control over the property and the right to use it in any legal manner, with the ability to sell, lease, or will it without restriction.
Learning Objectives
- Acquire a thorough knowledge of the basic tenets of property rights and their legal implications.