What is fee simple?
The most complete private ownership interest in real property: the broadest possession, use, exclusion, enjoyment, and disposition rights, still subject to taxes, eminent domain, and any private encumbrances.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.