Property Ownership
Fee simple absolute ownership means the owner:
AHolds the highest form of ownership with unlimited rights✓ Correct
BMay only use the property for a specified purpose
CMust sell within a fixed time period
DShares ownership with the government
Explanation
Fee simple absolute is the highest form of real property ownership, giving the owner unlimited rights to use, sell, mortgage, or transfer the property, subject only to government powers.
Related Michigan Property Ownership Questions
- In Michigan, the recording of a deed at the county register of deeds provides:
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