How does fee simple ownership relate to the concept of implied warranties in the sale of new construction?

Fee Simple – Most real estate is owned “in fee simple” which is a very old term that means outright ownership of land (subject to any mortgages or liens). Oct 17, 2022 ... It means you own the property outright, and no one else has claim to it. It's described by many different sources as the highest form of land ownership in ... 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 ... Apr 17, 2023 ... Fee simple ownership is probably what comes to mind when you think of buying real estate. This is where the price you pay for the property ... Jul 10, 2008 ... If you take title with another individual, you no longer own the property in “fee simple.” One common way to own property with others is as ... Feb 5, 2024 ... If someone owns land in “fee simple,” they typically have complete and total ownership of the piece of land. This is the type of ownership ... 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 ... The advantages of fee simple is that you essentially have unlimited use of what you can do with the land (subject of course to other easements on the title, ... Sep 13, 2024 ... Fee simple ownership means absolute and unqualified legal title to real property. The owner(s) has unconditional power of disposition of the ... ... fee simple absolute ownership, or just fee simple. This type of ownership means the owner has all of the legal rights associated with ownership. The holder ...