Property Ownership
In New York, a 'fee simple absolute' is the highest quality of ownership interest in real property because it is:
ASubject only to government encumbrances like taxes
BThe most complete form of ownership — the owner has full rights of possession, use, and disposition, and the interest is of unlimited duration with no conditions✓ Correct
CFree from all encumbrances, including mortgages
DGuaranteed by the state against all title defects
Explanation
Fee simple absolute is the most complete form of real property ownership in New York. The owner has the full bundle of rights (use, possession, sale, lease, mortgage, exclude), the ownership is of unlimited duration, and it passes freely by deed, will, or intestate succession.
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