The legal interest considered to be the closest to full ownership in real property is legally described as which of the following?

Question

Quizplus · Accepted Answer

Fee simple ownership is the highest form of ownership interest recognized by law, giving the owner complete and indefinite ownership rights over the property, including the right to sell, lease, gift, or will the property to another party. Joint tenancy and tenancy in common are forms of co-ownership, and deeded title simply refers to the method of transferring ownership.

The Legal Interest Considered to Be the Closest to Full