Property Ownership
Under NH law, a 'fee simple absolute' estate is best described as:
AProperty that can only be owned by corporations
BThe most complete form of real property ownership with no conditions or limitations✓ Correct
CProperty subject to a condition subsequent
DA leasehold interest with unlimited duration
Explanation
Fee simple absolute is the highest and most complete form of real property ownership recognized by law. The owner has unrestricted rights to use, sell, mortgage, lease, or bequeath the property. It is inheritable and subject to no conditions that could cause the ownership to be divested.
Related New Hampshire Property Ownership Questions
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