Fee Simple
Complete ownership of property with no restrictions or time limits.
Plain English
Fee Simple is the strongest form of property ownership you can have. When you own something in fee simple, you own it outright, forever, with no conditions or restrictions (unless you voluntarily agree to them). You can sell it, give it away, rent it, or leave it to your heirs. It's the default way most people own their homes and land.
Example
When you buy a house with a traditional mortgage and own it free and clear, you own it in fee simple. You can paint it any color you want, rent it out, sell it, or pass it to your children when you die.
Used in a sentence
“The property was transferred in fee simple, giving the new owner complete control and the right to do whatever they wanted with it.”
Related terms
This page is a plain-English reference and is not legal advice. Laws vary by jurisdiction and change over time. For specific situations consult a licensed attorney.