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What is fee simple ownership? Fee simple is the highest form of ownership and grants title to the property, the land, and any improvements to the land in perpetuity to the buyer. Single-family homes offer fee simple ownership but condos don’t because the owner owns the unit but not the land.
No one can legally take the property from an owner with fee simple title, although there are a few exceptions. A fee simple owner has the right to possess, use the land, and dispose of the land as he or she wishes. Fee simple owners can lease their property, sell it, trade it, and pass it to others upon death.

For more information, visit the "Smarts" tab at Real-ativity.com, the site for intelligent real estate.

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