Definition
Absolute ownership of real property with no restrictions—you own it outright, can do whatever you want with it (within zoning laws), and can pass it to your heirs.
Example Usage
She purchased the land in fee simple and immediately began construction.
Origin
From medieval English feudalism; 'fee' meant a feudal estate and 'simple' meant no conditions
Fun Fact
Fee simple is the highest form of property ownership in common law; even the king can't take it without compensation.
Source: Real property law
Related Terms
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