A(n)________ estate represents the most complete form of ownership of real estate; the owner is free to divide it up into lesser estates and sell,lease,or borrow against them as he or she wishes.

Question

Quizplus · Accepted Answer

Fee simple estate represents the maximum and most complete form of ownership of real estate. The owner possesses all the rights over the property and can do whatever he or she deems appropriate, including splitting it up into smaller estates or selling, leasing, or mortgaging them. The owner has complete control over the property and can use it in whatever way he or she wants, as long as it is within the limits of the law.

A(n)________ Estate Represents the Most Complete Form of Ownership of Real