Asked by Ghefhine Casilao on May 12, 2024
Verified
All other estates are derived from the fee simple estate.
Fee Simple
The most complete form of property ownership, giving the owner absolute control over the land and the right to use it indefinitely.
Estates
A legal term referring to a person's property, assets, and liabilities at the time of their death.
- Understand the characteristics and implications of different real estate ownership and leasehold estates.
Verified Answer
DB
dylan bradshawMay 19, 2024
Final Answer :
True
Explanation :
The fee simple estate is the most absolute and complete form of ownership of real property, and all other estates such as life estates, leasehold estates, and easements are derived from it.
Learning Objectives
- Understand the characteristics and implications of different real estate ownership and leasehold estates.