Property Ownership
In Michigan, fee simple absolute ownership means:
AThe owner holds the property for life only
BThe most complete form of ownership with no conditions, limitations, or restrictions imposed by the grantor✓ Correct
CThe owner must pay an annual fee to the state
DOwnership is shared equally with the municipality
Explanation
Fee simple absolute is the highest form of ownership recognized in Michigan: the owner holds all rights in perpetuity with no conditions or limitations imposed by the grantor, and can sell, transfer, or devise the property freely.
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