The most common form of real property ownership that gives exclusive possession to a particular piece of land for an indefinite time is:
A) deed
B) title
C) a fee simple
D) life estate
E) leasehold

Question

Quizplus · Accepted Answer

A fee simple ownership grants the owner of the property full and complete ownership rights to the property, and the right to use, occupy and transfer the property to another individual or entity indefinitely. It is most commonly the type of ownership for private, residential real estate. A deed transfers ownership, a title establishes ownership, a life estate gives an individual the right to use a property for their lifetime, and a leasehold grants the right to use a property for a limited, specified period of time.

The Most Common Form of Real Property Ownership That Gives