Q:

What is a fee simple title holder?

A:

Quick Answer

A fee simple title holder is someone who owns a piece of property and has absolute ownership and rights to that property. This ownership includes the land and any improvements on the land, and no one has the right to take away the fee simple title holder's property, states Zillow.

Continue Reading

Full Answer

When someone takes possession of a piece of property with a fee simple title, he has the right to possess the land, use it, or dispose of it in any way he sees fit, explains Zillow. The land owner can sell the property, give it away, lease it, or bequeath it to others upon death.

Learn more about Real Estate
Sources:

Related Questions

  • Q:

    How does lis pendens apply to real estate?

    A:

    With respect to real estate, "lis pendens" is a legal term that indicates there is a pending suit that may affect the title or ownership of the property, states USLegal. A prospective buyer should research the details of the "lis pendens" before moving forward with the purchase.

    Full Answer >
    Filed Under:
  • Q:

    What is a gifted property deed?

    A:

    A gifted property deed is a legal document that gives legal ownership of a piece of property from one person to another. Because it's intended as a gift, no money exchange is involved.

    Full Answer >
    Filed Under:
  • Q:

    What do real estate title companies do?

    A:

    A real estate title company ensures that the title to a piece of property has no title issues for the company to issue title insurance for that property. Title insurance protects the lender and owner against claims or lawsuits from a dispute over title.

    Full Answer >
    Filed Under:
  • Q:

    What is the legal definition of a land abstract?

    A:

    A land abstract, also known as an abstract of title, is a condensed history of a piece of land or property, which includes prior owners and any liens filed on the property, notes the Free Dictionary. Generally, a land abstract is necessary when the property is up for sale and exchanging owners.

    Full Answer >
    Filed Under:

Explore