What is the most complete ownership rights one can possess in real property?

Fee Simple Absolute represents the most complete form of ownership in real property. This type of ownership provides the holder with the greatest bundle of rights, including the rights to possess, use, and transfer the property without any limitations or conditions, except for zoning laws and other government restrictions.

A Fee Simple Absolute is indefinite in duration, meaning it does not expire after a certain period or upon the occurrence of specific events. This distinguishes it from other forms of ownership that might impose conditions or limitations. For instance, a Leasehold Estate grants possession for a limited time without ownership rights, and a Life Estate restricts ownership to the duration of one’s life, after which the property passes to another party. Similarly, a Qualified Fee Estate includes conditions that can cause ownership to revert to the grantor under certain circumstances.

Thus, a Fee Simple Absolute is essential for those looking for full control and permanence over real estate, making it the most complete ownership right available.