Asked by Tanya Ottosson on May 11, 2024
Verified
A fee simple absolute gives a person the right to possess and use property for a time measured by his or another person's lifetime.
Fee Simple Absolute
The highest form of land ownership, which gives the owner the right to possess and use the land for an unlimited period of time, subject only to governmental or private restrictions, and unconditional power to dispose of the property during his lifetime or upon his death.
Possess
To have ownership or control over an object or property.
- Differentiate between types of freehold estates, specifically fee simple absolute and life estates.
Verified Answer
NM
Natalya MynykMay 13, 2024
Final Answer :
False
Explanation :
One who owns real property in fee simple absolute has the right to possess and use the property for an unlimited period of time,subject only to governmental regulations or private restrictions.
Learning Objectives
- Differentiate between types of freehold estates, specifically fee simple absolute and life estates.