Franz owns GuestHouse Hotel. His ownership rights include the right to sell or give away the property without restriction, as well as the right to com?mit waste, if he chooses. Franz's ownership interest is

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A fee simple absolute is the highest form of ownership interest in real estate, and it gives the owner the most complete bundle of rights. These rights include the right to sell or give away the property without restriction, as well as the right to use the property, exclude others from it, and even commit waste if the owner chooses to do so. Therefore, Franz's ownership interest in GuestHouse Hotel qualifies as a fee simple absolute.

Franz Owns GuestHouse Hotel