Fee simple is all of the following EXCEPT
Question & Answer
Review the question and all answer choices
an estate of inheritance.
A is incorrect because fee simple is indeed an estate of inheritance. It can be passed to heirs through a will or intestate succession, making it inheritable and distinguishable from life estates that terminate upon a person's death.
a freehold estate.
B is incorrect because fee simple is classified as a freehold estate. Freehold estates represent ownership interests in land with indefinite duration, and fee simple is the most complete form of freehold estate.
a less-than-freehold estate.
indefinite as to its duration.
D is incorrect because fee simple is indefinite as to its duration. Unlike life estates which terminate upon a specific person's death, fee simple has no natural termination date and can last indefinitely unless voluntarily terminated or limited by government action.
Why is this correct?
C is correct because fee simple is a freehold estate, not a less-than-freehold estate. Freehold estates include fee simple, life estates, and estates for years, all of which involve ownership of the land itself. Less-than-freehold estates are leasehold interests that grant possession but not ownership.
Continue Learning
Explore this topic in different formats
More Property Ownership Videos
Continue learning with related video lessons
The rights of ownership, including the right to use, possess, enjoy, and dispose of a thing in any legal way so as to exclude everyone else without rights from interfering, are called
3:10 • 0 views
Arizona is a community property state. This means:
2:25 • 0 views
An owner sold a parcel of real estate to a buyer with the stipulation that the buyer was not allowed to sell alcohol from the prem- ises. The buyer sold the property 10 years later to a buyer who converted the build- ing into a convenience store that sold beer. Should the owner or owner’s heirs claim a right of re-entry, what would be the basis for the lawsuit?
2:46 • 0 views
The highest form of property ownership in the United States is:
2:35 • 0 views
In a deed, the clause that defines the nature of the estate being granted is the:
2:45 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.