Property Ownership
In Maine, property held in fee simple absolute gives the owner:
AUse of the property for a fixed period only
BThe most complete form of ownership, with the right to use, sell, lease, or devise the property✓ Correct
COwnership limited by a condition subsequent
DOwnership that reverts to the grantor upon death
Explanation
Fee simple absolute is the highest form of ownership in Maine real estate law, giving the owner complete and unrestricted rights to use, sell, lease, mortgage, or pass the property by will.
Related Maine Property Ownership Questions
- A Maine property owner grants an easement by express grant, which must be:
- In Maine, where must a deed be recorded to provide constructive notice to the public?
- In Maine, a condominium owner's interest in the common elements is typically:
- In Maine, 'tenancy at will' describes a rental arrangement where:
- In Maine, a married couple who owns property as tenants by the entirety:
- In Maine, a property described in a deed as 'the south 5 acres of Lot 3 on the Plan of Camp Sunrise' uses which legal description method?
- Under Maine's Tree Growth Tax Law, landowners who enroll their forestland receive:
- Maine follows the 'race-notice' recording statute, meaning a subsequent purchaser is protected if they:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →