A person who has a holding of property in fee simple has a right to possess, use

Question

A person who has a holding of property in fee simple has a right to possess, use and transfer the land. Fee simple property os divided into two parts which are Fee simple Absolute and Fee simple defeasible.  

If we talk about fee simple ownership, the difference is made on the basis of transfer, which means that there is no limitation on transfer of such property inthis case, which means that is includes the transfer of all interest in the property.

Secondly, if we talk about Fee simple Defeasible, Certain conditions are included in case of transfer of property. Hence in this case, the transfer of property is based on certain conditions and non fulfillment of such conditions may lead to undone the transfer or revert back the property to its original owner.

Explanation / Answer

1. What can a person who holds property in fee simple absolute do with that property?

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