Why is it important to have a clear and unbroken chain of title?

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, ... 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 ... 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 ... Sep 19, 2019 ... Fee simple includes the “full bundle” of rights while leases convey partial property rights to tenants for their use and occupancy. Following ... ... 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 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 ... 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, ... When one owner holds the whole bundle of sticks, that is historically called a “Fee Simple Estate”. A Fee Simple estate is generally what you think of when ... Jan 24, 2025 ... What Does Fee Simple Mean in Real Estate? The Quick Answer ... Fee simple ownership is the most complete form of owning real estate. I often ... ... meaning of fee simple ownership of property ... In most sales of homes and other properties, it is the unencumbered fee simple interest that transfers.