Property Ownership
In New Hampshire, which of the following best describes a 'fee simple absolute' ownership?
AOwnership that automatically transfers to a named heir
BThe highest form of ownership — complete and unconditional ownership with full rights✓ Correct
COwnership that reverts to the grantor upon the owner's death
DOwnership shared equally among multiple family members
Explanation
Fee simple absolute is the greatest form of property ownership. The owner holds all rights in the bundle of rights with no conditions or limitations other than those imposed by law.
Related New Hampshire Property Ownership Questions
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- A NH landowner's property is condemned by the state to build a new highway. This is an exercise of the government's power of:
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- A covenant running with the land in New Hampshire is enforceable by:
- In NH, a property owner who 'dedicates' a road to the town or city is:
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