Which types of property interests can be sold?

Question

Quizplus · Accepted Answer

All three types of property interests can be sold. A fee simple absolute is the highest form of ownership interest in real property, giving the owner complete control over the property. A fee simple defeasible is a type of ownership interest that is subject to certain conditions or limitations, such as a requirement to use the property for a certain purpose. A life estate is an ownership interest that expires upon the death of the owner or another specified person. All three types of ownership interests can be sold or transferred to another party.

Which Types of Property Interests Can Be Sold