The difference between a qualified fee ownership and a fee simple ownership is that a qualified fee ownership can be ________.
A) transferred at will by the owner of the property
B) terminated if a specified event occurs or fails to occur
C) infinite in its duration
D) inherited without limitations

Question

Quizplus · Accepted Answer

A qualified fee ownership is a type of ownership in which the title may terminate if a specified event happens or fails to occur. In contrast, fee simple ownership is the most complete form of ownership in which the owner has absolute control and ownership rights with no limitations on its duration or transferability. Option A is referring to fee simple ownership, and option D is not specific enough and can apply to both types of ownership.

The Difference Between a Qualified Fee Ownership and a Fee