1/12/2024 0 Comments Fee simple absolute defeasible![]() ![]() However, there are still scenarios in which you can lose your fee simple property, in the event that you have unpaid loans or liens, unpaid property taxes or other violations. “Fee simple is always the best form of ownership.” ![]() “Whoever is buying or purchasing property - whether it’s land or an existing structure or resale, or whether it’s commercial or residential - you always want fee simple real estate,” said Henry Jaffe, a real estate broker for Sotheby’s International Real Estate. You can sell the land whenever you like, or you can bequeath the property to whomever you want. With fee simple ownership, you have the right to do whatever you want to the property, meaning you can tear down any existing buildings, create additions or build new buildings entirely. Most real estate transactions in the United States are considered fee simple. ![]() With fee simple real estate, the buyer takes full ownership of a piece of land and any buildings on that land. The most common type of property ownership in the US, for both residential and commercial real estate, is known as fee simple real estate. Although property ownership might seem fairly cut and dry, there are actually several different types of ownership, with varying limitations and conditions. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |