In Fee Simple Legal Meaning and Definition
Here is a simplified definition of the legal term In Fee Simple.
In Fee Simple (phrase)
Definition: In the context of property ownership, 'In Fee Simple' is a term describing the highest level of ownership interest that an individual can hold in real estate. This level of ownership provides the property owner with unrestricted rights to use, sell, or bequeath the property as they see fit. If the property owner passes away without leaving a will, the property would transfer to their legal heir(s) by default.