Define: In Fee Simple

Owning property in fee simple means having complete ownership rights and control over the property, including the right to sell, lease, or transfer it to others.

Generally, fee simple ownership is considered absolute and unrestricted. However, certain legal restrictions, such as zoning regulations or easements, may limit the use or development of the property.

The government has the power of eminent domain, which allows them to take private property for public use. However, they must provide just compensation to the property owner.

Yes, fee simple property can be passed on to heirs through a will or by intestate succession if there is no will. However, it is advisable to consult an attorney to ensure proper estate planning.

Yes, fee simple property can be used as collateral for a mortgage loan. The lender will have a lien on the property until the loan is repaid.

As the owner of the property, you have a duty to maintain it in a reasonably safe condition. If someone is injured due to your negligence, you may be held liable for their damages.

Generally, fee simple ownership allows you to make improvements or build structures on your property, subject to local building codes and regulations.

In certain circumstances, such as a foreclosure or a court-ordered sale, you may be compelled to sell your fee simple property. However, this typically requires a legal process and due compensation.

Yes, fee simple property can be used for commercial purposes, subject to any applicable zoning laws or restrictions imposed by local authorities.

As the owner of fee simple property, you cannot be evicted by a landlord. However, if you fail to pay property taxes or violate any legal obligations, the government or other parties may take legal action to enforce their rights.