Property Ownership
In Hawaii, which form of land ownership is based on English common law where the buyer holds perpetual ownership of both the land and the structure?
ALeasehold
BFee simple✓ Correct
CLife estate
DTenancy in common
Explanation
Fee simple (fee simple absolute) is the highest form of real property ownership. The owner holds full and perpetual title to the land and any improvements, subject only to governmental restrictions.
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