Property Ownership
In Maine, the fee simple absolute estate is best described as:
AOwnership that ends when no heirs exist
BThe most complete form of ownership with no limitations✓ Correct
COwnership subject to conditions
DA life estate with remainder interests
Explanation
Fee simple absolute is the highest form of property ownership, conveying full rights to use, enjoy, and dispose of the property with no restrictions beyond those imposed by law.
Related Maine Property Ownership Questions
- In Maine, a property owner whose land is enrolled in the Farmland Tax Program receives a lower property tax assessment because the land is assessed based on:
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- In Maine, a deed that conveys property with covenants of seisin, quiet enjoyment, and warranty is called a:
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