Why is marketable title important in real estate transactions?

A fee simple is the highest form of property ownership. It is an estate that is not limited by time. Unlike trust land fee (fee simple or fee patent) land generally means that ... Co-ownership: Co-ownership of fee and trust land exists when two or more ... 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 ... 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 ... 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 ... 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. Unlike other forms of property ownership that may have restrictions or conditions, fee simple absolute grants the owner full and unconditional rights to the ... In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory ... What Does Fee Simple Mean? ... Fee simple is a type of ownership that gives a single person or entity the greatest possible rights to a piece of real estate. FEE SIMPLE TITLE REQUIRED; MAINTENANCE OF FEE SIMPLE TITLE. (a) A potential ... (5) "Private transfer fee obligation" means an obligation to pay a private ...