The highest and best form of ownership in real property is called:
Fee simple absolute is the highest and best way to own property. It includes the entire “bundle of rights.”
The highest and best form of ownership in real property is called fee simple absolute. This type of ownership gives the owner the most complete set of ownership rights possible under the law. The owner has the right to use, possess, sell, lease, mortgage, or transfer the property to others, subject only to certain limitations, such as eminent domain, zoning regulations, or covenants and restrictions. In fee simple absolute ownership, the property can be passed on to future generations, sold, or donated as the owner sees fit. It is considered the most desirable form of ownership in real property, as it provides the greatest amount of control and certainty over the property.
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