Property Ownership
Which type of ownership provides the greatest degree of control and is of unlimited duration?
- A. Fee simple absolute
- B. Life estate
- C. Leasehold estate
- D. Fee simple defeasible
Answer: A. Fee simple absolute is the highest form of property ownership. It is of unlimited duration, freely transferable, and inheritable. The owner has full control over the property, subject only to government restrictions and private restrictions of record.