What does Fee Simple describe in terms of ownership?

Fee Simple refers to the most complete form of ownership in real property. It signifies that the owner has the greatest possible rights to the property, which includes the ability to use it, rent it, sell it, or even bequeath it to heirs.

When considering the various aspects of ownership, Fee Simple ownership is characterized by being irrevocable and not contingent upon any specific events. Thus, it does not involve restricted rights or limitations that might extinguish ownership based on designated events or time limits like with a life estate.

Ownership in Fee Simple means the owner is free from future claims regarding the property, and they hold the title without limitations on the time of ownership or conditions that could lead to termination. Understanding Fee Simple as an absolute form of ownership clarifies why the option referring to ownership that can be extinguished on a designated event does not appropriately define the concept of Fee Simple ownership.