What does the term "fee simple" imply about the owner's rights?

The term "fee simple" refers to the most complete form of property ownership recognized by law. It signifies that the owner possesses full rights to the property, which includes the ability to use, sell, lease, or transfer the property without limitations imposed by third parties. This means that the owner has absolute control over the property, and these rights are inheritable, making the fee simple the highest estate in land.

Ownership without restrictions in a fee simple arrangement allows the property owner to make decisions about the property as they see fit, provided they still comply with applicable laws and regulations. This distinguishes fee simple ownership from other types of property interests, such as leasehold estates or life estates, which may come with certain limitations or conditions. Hence, the affirmation that fee simple ownership is characterized by the owner's rights being unrestricted is accurate.