In real estate law, a Fee Simple Estate is the most complete form of ownership in real property. It gives the owner unrestricted rights to use, occupy, sell, lease, or otherwise dispose of the property, subject only to governmental powers such as taxation, zoning, and eminent domain.
A fee simple estate may be transferred during the owner’s lifetime or passed on by will or inheritance. Because it carries no conditions or limitations on duration, it represents the greatest interest an individual can hold in real property.
