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Property LawVICMEDIUM

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.

Answer Options
A
Life estate
B
Leasehold estate
C
Fee simple estate
D
Estate in remainder

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Related Topics & Key Terms

Key Terms:

fee simple estatefreeholdproperty estates hierarchy
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