What does Fee Simple entitle the owner to regarding property ownership?

Fee Simple is the most complete and absolute form of property ownership recognized in real estate. When someone holds property in Fee Simple, they have the maximum possible rights to the property. This means they own the property outright without any limitations or restrictions imposed by any other party. They have the right to utilize, lease, sell, or will the property as they see fit, allowing for full control over the asset.

Additionally, a Fee Simple ownership does not carry the conditions associated with other forms of ownership, such as shared ownership or temporary usage rights. In contrast to other ownership forms, like a life estate or tenancy in common, the Fee Simple estate ensures that the owner has no obligations or shared controls over the property, thereby solidifying their claim to the complete property rights. Thus, the defining characteristic here is the absence of restrictions, leading to full ownership privileges.