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Fee Simple Absolute

Fee Simple Absolute

Definition

A present possessory estate in real property. A fee simple absolute is indefeasible and has indefinite, potentially infinite, duration. It is the closest thing to absolute ownership that the law will recognize. A fee simple absolute is also fully transferable, which means it is devisable, descendible, and able to be transferred by the holder during the holder's lifetime by gift, sale, or some other method.

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