What type of property interest gives the holder the right to occupy and use land indefinitely, subject to government powers?
Correct Answer
B) Freehold estate in fee simple
Fee simple is the highest form of property ownership, giving the owner absolute rights to use, occupy, and dispose of the property indefinitely. It is subject only to government powers such as taxation, compulsory acquisition, and planning controls.
Why This Is the Correct Answer
Freehold in fee simple is the estate that lasts indefinitely. The owner may occupy, use, sell, mortgage or leave the land by will, subject only to government powers such as rates and taxes, planning controls and compulsory acquisition.
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