In Victoria, which type of estate grants the holder the greatest interest in land?
Correct Answer
C) Fee simple estate
A fee simple estate (also called freehold) is the most complete form of land ownership in Victoria, granting the holder the right to use, enjoy, and dispose of the land indefinitely, subject only to government restrictions.
Why This Is the Correct Answer
Fee simple is the largest estate in land. It lasts indefinitely and can be sold, mortgaged, leased or left by will, subject only to public controls such as planning and compulsory acquisition.
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