Property Ownership
In New York, 'fee simple absolute' ownership means the owner has:
AOwnership for the duration of someone's life only
BThe most complete form of ownership with the right to use, encumber, and transfer the property freely✓ Correct
COwnership subject to a condition that can terminate ownership
DOwnership shared equally with the state
Explanation
Fee simple absolute is the most complete and highest form of real property ownership. The owner has unlimited rights to use, encumber, transfer, devise, and otherwise control the property, subject only to government powers.
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