Fee Simple Ownership, Definedįee simple ownership gives an owner the freedom to do just about anything they want with their property - as long as they aren’t breaking any laws or violating any legal restrictions. As the fee simple owner, you can live on the property, modify it, give it away or sell it.Īfter reading this article, you’ll understand fee simple in real estate and how it might affect you. Simply put, fee simple ownership means you’re in complete control of the property you own, and your ownership is mostly free from any restrictions. Whether you’re deep into your buyer’s journey or have only gotten as far as casually scrolling through real estate websites, it’s helpful to know the definition of fee simple and the different types of fee simple estates. And one of the terms you may come across during this process is “fee simple.”
The home buying process may have you wading through unfamiliar waters, including the navigation of legalese.
