Can the option be assigned to another party?

As used in this section, "fee simple owner" means the owner of a fee simple interest in real property. (b), "Fee simple owner" does not include a tenant ... An absolute or fee simple estate is one in which the owner is entitled to the entire property with unconditional power of disposition during his life. Oct 25, 2022 ... Furthermore, fee simple ownership means you have absolute control of the property and can do whatever you want. Leasehold contracts may have ... Mar 26, 2015 ... Fee Simple. Fee simple is the form property ownership people are most familiar with. The term means you have absolute ownership- you own the ... Under the court-created (common law) ad coelum doctrine, a fee simple real property owner ... ownership did not intend to convey away minerals that would require ... ... fee or fee simple mineral estate, is complete ownership of the mineral estate. ... An oil & gas lease is considered a fee simple determinable, meaning that it may ... Fee simple is the type of ownership that embraces every interest in a property. In other words, when a person owns property in fee simple, there are no ... To be sure, the fact that the legal interest is perpetual does not mean that any individual owner's time horizon will be endless. People often dis- count ... Sep 1, 2020 ... What Does Fee Simple Mean? ... Fee simple ownership is the absolute ownership of real property, in which the owner holds unconditional power over ... Mar 27, 2023 ... Fee simple ownership is the most comprehensive form of property ownership. It provides the owner with complete rights over the property, ...