What is a condominium?

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 ... ... 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) ... Title to the real estate is held directly by the unit owners. The Master Deed contains covenants and restrictions governing the entire property. Fee Simple – ... Nov 7, 2023 ... What does it mean to redeem ground rent? ... If you redeem the ground rent you would have absolute ownership of the property in fee simple. In real estate, a fee simple estate is a form of freehold ownership. It grants a property owner exclusive rights on a property, which means that they own the ... Nov 28, 2023 ... Fee simple is a legal term used in real estate that means full and irrevocable ownership of land, and any buildings on that land. This type of real property ownership does not exist in Minnesota, but ... This is called ”fee simple ownership.” Real property owners may have limits ... Fee simple is a legal term describing the most common and absolute type of property ownership. The owner's property rights are indefinite. Aug 2, 2021 ... that conveys fee simple title would gen- erally be understood to mean an interest that will endure indefinitely, including all encumbrances ... 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, ...