What is Fee Simple?
Fee simple is the most complete form of property ownership, giving the owner full rights to the land and structure indefinitely, subject only to laws, taxes, and any recorded restrictions. It can be sold, willed, or transferred freely. Most single-family homes are owned fee simple.
Example: A buyer takes a home in fee simple, meaning they own it outright and can sell, remodel, or pass it on as they choose, within local laws.