Property Ownership
In Maine, the term 'fee simple absolute' means the owner has:
AOwnership with some conditions attached
BThe most complete form of ownership — unconditional and perpetual✓ Correct
COwnership that expires after a certain period
DOwnership shared with the government
Explanation
Fee simple absolute is the most complete and highest form of property ownership in Maine, giving the owner unconditional, inheritable ownership with no limitations on use except those imposed by law.
Related Maine Property Ownership Questions
- In Maine, which type of deed provides the greatest protection to a buyer?
- In Maine, the right to use a neighbor's well under an easement is an example of what type of property right?
- In Maine, a property transferred to two people who are not married with equal shares and the right of survivorship is held as:
- In Maine, a tenant in common who wants to sell their undivided share without the other co-owners' consent may:
- A property owner who grants an easement for a utility company to run power lines across their land has created an:
- Under Maine law, for a deed to be valid and recordable, it must contain:
- In Maine, an 'adverse possession' claim requires continuous, open, notorious, hostile, and actual use of the property for a minimum of:
- A Maine property is described as 'subject to a covenant running with the land.' This means:
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