Property Ownership
In Tennessee, a 'fee simple absolute' ownership interest is best described as:
AOwnership that expires after a set number of years
BThe highest form of real property ownership — complete and unlimited✓ Correct
COwnership shared between two people
DOwnership subject to a life estate
Explanation
Fee simple absolute is the highest form of ownership recognized in law — complete, unconditional ownership without limitation as to duration or condition. The owner has full rights to use, sell, lease, or devise the property.
Related Tennessee Property Ownership Questions
- Under Tennessee law, a life estate grants the life tenant the right to use the property during their lifetime, but the life tenant may NOT:
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- In Tennessee, 'tenancy by the entirety' is available to:
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- The concept of 'police power' in real estate refers to the government's authority to:
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