Property Ownership
Which of the following is a characteristic of a 'fee simple absolute' estate in North Dakota?
AIt is limited in duration to 99 years
BIt is the highest form of ownership with no conditions on ownership✓ Correct
CIt requires annual renewal with the county
DIt cannot be mortgaged
Explanation
Fee simple absolute is the highest and most complete form of real property ownership. The owner has unlimited rights to use, sell, lease, or devise the property, subject only to governmental powers and deed restrictions.
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