How is ownership structured in a condominium?

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 ... Aug 2, 2021 ... that conveys fee simple title would gen- erally be understood to mean an interest that will endure indefinitely, including all encumbrances ... 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 ... The ownership interest in a leased property. Leasehold Estate – The interest which a tenant or lessee acquires under a lease, including rights of use and ... ... meaning of fee simple ownership of property ... In most sales of homes and other properties, it is the unencumbered fee simple interest that transfers. The ownership is the same as fee simple land, but there are specific ... Tenants in common have unity of possession, which means that every owner has ... 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). If you own property that is titled solely in your name you possess total legal control over it. This allows you to do with it whatever you want without anyone ... Mar 4, 2020 ... Fee simple ownership encompasses an entire personal estate. By owning a fee simple estate, the property owner has control over the surface ... 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 ...