Fee Simple Legal Meaning and Definition

Here is a simplified definition of the legal term Fee Simple.

Fee Simple (noun)

The term 'Fee Simple' refers to the highest level of ownership someone can hold in a piece of property. It means absolute ownership of the land, free from any other claims against the title such as liens or mortgages. This kind of ownership can be freely transferred or sold and can be inherited through a will. The holder of fee simple ownership has unending rights to the property and has the power to determine what happens to it in the future.