What is the most common form of freehold estate in British Columbia?
Correct Answer
B) Fee simple
Fee simple is the largest and most common freehold estate in BC: it is inheritable, transferable and of unlimited duration, and an indefeasible title under the Land Title Act is evidence of a fee simple. Property Law Act s. 10 prevents a fee simple from being changed into a fee tail.
Why This Is the Correct Answer
This answer is correct. Fee simple is the most complete and most common freehold estate in BC: it can be sold, mortgaged, leased and inherited, and it lasts indefinitely. Registered titles in BC are fee simple titles.
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