fee simple

absolute ownership of real property with unrestricted rights of disposition

Origin: Anglo-Fr: see fee & simple

See fee simple in American Heritage Dictionary 4

noun pl. fees simple

An estate in land of which the inheritor has unqualified ownership and power of disposition.
Private ownership of real estate in which the owner has the right to control, use, and transfer the property at will.

Learn more about fee simple

fee simple business definition

fee simple legal definition

link/cite print suggestion box

More from YD