Absolute Estate:
Noun: A legal term referring to the complete and unrestricted ownership of real property, including both the land and any improvements on it, such as buildings or structures. An absolute estate grants the owner full control and rights over the property, allowing them to use, sell, lease, or transfer it as they see fit, without any limitations or conditions imposed by others. This type of estate provides the highest level of ownership and is not subject to any future interests or restrictions, ensuring the owner’s absolute and exclusive control over the property.
Absolute estate refers to the highest form of ownership interest in real property, where the owner has complete and unrestricted rights to possess, use, and dispose of the property. It is also known as fee simple absolute or fee simple estate. In an absolute estate, the owner has the right to sell, lease, mortgage, or transfer the property without any limitations or conditions. This type of ownership is considered to be perpetual and inheritable, meaning that it can be passed down to future generations through inheritance. Absolute estate is the most comprehensive and valuable form of property ownership, providing the owner with the greatest degree of control and freedom over the property.
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This glossary post was last updated: 29th March 2024.
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