Definition
The most complete form of property ownership, including the right to use, sell, lease, and devise the property.
Example
Fee simple ownership contrasts with a leasehold interest, which expires at the end of the ground lease.
Related terms
- Abstract of Title
- Adverse Possession
- Affidavit of Title
- Certificate of Occupancy
- Chain of Title
- Cloud on Title
Frequently asked questions
What does Fee Simple mean in real estate?
The most complete form of property ownership, including the right to use, sell, lease, and devise the property.
How is Fee Simple used in practice?
Fee simple ownership contrasts with a leasehold interest, which expires at the end of the ground lease.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.