Mario bought a small house in Nelson and was puzzled when he saw the conveyancing documents,which referred to a transfer of a "fee simple." The following statements were made to him to explain the term.Which is correct?
A)The owner of the fee simple has the right to exclusive possession of the land until his death.
B)If the owner of the fee simple dies without a will,his estate reverts back to the Crown.
C)The owner of the fee simple has rights to the surface of the earth and also unlimited use of the airspace above his property.
D)The owner of the fee simple also owns what is below the land,including mineral rights.
E)Technically,only the Crown owns the land,but the fee simple interest is the greatest bundle of rights,other than the Crown's,that a person can own.

Question

Quizplus · Accepted Answer

Fee simple is the highest form of property ownership available, granting the holder the greatest bundle of rights under the law, short of the Crown's ultimate ownership.

Mario Bought a Small House in Nelson and Was Puzzled