Property Ownership
Fee simple absolute is best described as:
AOwnership subject to a condition subsequent
BThe most complete form of ownership with no restrictions other than public controls✓ Correct
COwnership limited by the previous owner's use restrictions
DA leasehold interest held in perpetuity
Explanation
Fee simple absolute is the highest form of property ownership — complete and unrestricted (subject only to government powers: taxation, eminent domain, police power, and escheat). The owner may use, sell, lease, or devise the property as they wish.
Related Tennessee Property Ownership Questions
- In Tennessee, a property owner who wants to leave their home to a specific person while allowing another person to live there until death would use a:
- Accretion refers to the addition of land caused by:
- A property deed that states the property is conveyed 'to John Smith for life, then to Mary Jones' creates:
- In Tennessee, which of the following statements about joint tenancy is TRUE?
- In Tennessee, a 'fixture' is personal property that has become real property because it was:
- A license (in real estate property law) is best described as:
- In Tennessee, a property held in a 'living trust' is owned by:
- A fixture differs from personal property in that a fixture:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →