What are the different types of legal property descriptions?

What does fee simple mean when buying a house? Most forms of land ownership are fee simple. In fact, most home ownership in the United States is considered fee ... Most properties in Hawaii are sold as “fee simple” meaning you own both the physical property and the land. Fee simple ownership is the most comprehensive type ... How Do I… External Links ... (b) "Townhouse owner" means the person or persons owning the real estate in fee simple on which a townhouse unit is located. Dec 19, 2023 ... This means that the owner or owners can do whatever they like with the property, subject only to encumbrances like liens, or local guidelines, ... ... would have to probate her aunt's estate in order to close on the property. ... There are three “fee simple” (fee simple means unconditional ownership) ... ... 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 ... Jul 12, 2010 ... ... fee simple” that we considered to mean the surface estate only. ... Fee Simple (or Fee Simple Absolute) is the highest form of ownership of an ... Jun 16, 2023 ... “Fee simple” is a legal term in real estate found on a house's official deed. It means you have complete ownership of a property. You have the ... Jul 6, 2023 ... I was under the impression that fee simple ownership means the owner has all of the bundle of ownership rights. 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.