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Refinance and Mortgage Encyclopedia - fee simple absolute
Fee simple absoluteEntire bundle of rightsBeneficial interests or rights which attach to the ownership of real property, including the right to to use and control real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc.. Fee Simple AbsoluteIn landThe material of the earth, whatever may be the ingredients of which it is composed, whether soil, rock, ownershipThe right of one or more persons to possess and use property to the exclusion of all others. A collection, complete interestThis is the amount that is imposed when payment is remitted after the due date. in a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself., subject only to governmental powers. Also referred to as Fee SimpleThe most comprehensive ownership of real property known to law; the largest bundle of ownership rights.
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