What are the legal and financial implications of owning contaminated property in fee simple?

Jan 20, 2016 ... Definition: The maximum possible estate one can possess in real property. It is the least limited interest and the most complete and absolute ownership in land. 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 ... ... 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 ... It is an absolute ownership of real property, or real estate, meaning all buildings, land and improvements are owned absolutely by the owner. This is the most ... Note: Amount of exemption: If ownership is fee simple, equitable title, jointly with survivorship or jointly in common, applicant ... What does homestead ... 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 ... 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, ... Apr 26, 2021 ... The term “fee simple ownership” refers to one's complete right and legal privileges over a real estate property. This means that there are no ... Fee land is under complete control of its owner, which can be an individual or an entity such as a tribe, who holds the title to it. Fee simple ownership is the ... Mar 12, 2018 ... In contrast a fee simple means the owner has complete ownership of the property, not just access." I'm really not trying to be critical of your ...