Property Ownership
A 'fee simple' ownership interest in Louisiana means the owner:
AHas the most complete form of real property ownership with no limitations✓ Correct
BShares ownership with the state government
CMust pay ongoing fees to maintain the interest
DCan only transfer the property to family members
Explanation
Fee simple is the most complete form of real property ownership. The owner has the right to use, sell, lease, or transfer the property, subject only to government restrictions like zoning and taxation.
People Also Study
Related Louisiana Questions
- In Louisiana, the owner of the 'naked ownership' of a property subject to a usufruct may sell or mortgage their naked ownership interest, but the sale or mortgage is:Property Ownership
- In Louisiana, which type of ownership interest is automatically inherited by surviving co-owners upon one owner's death?Property Ownership
- In Louisiana, condominium ownership means the unit owner holds:Property Ownership
- A Louisiana property is subject to private deed restrictions that are more restrictive than local zoning. Which governs?Land Use & Zoning
- An 'exclusive right to sell' listing in Louisiana means the broker earns a commission if the property sells during the listing period:Contracts
- In Louisiana, the 'right of first refusal' given to a co-owner of immovable property means that if one co-owner wants to sell their share to a third party:Property Ownership
- In Louisiana, what is the term for an agreement to sell that binds both parties to complete a transaction in the future?Contracts
- A 'right of first refusal' in a Louisiana lease gives the tenant the right to:Contracts
Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Study This Topic
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →