Ownership Interests in Land - Free Hold Estates: Fee Simple Estates, Life Estates, & Fee Tail

Fee Simple: A Fee Simple is the highest ownership interest in land that a person can possess.

1. Fee Simple Absolute: Absolute ownership interest in the Land.
2. Fee Simple Determinable:
3. Fee Simple Subject to a condition Subsequent
4. Fee Simple Subject to an executory Interest

Life Estates

Future Interests

Remainders.

Contingent Remainders

1. Unascertained Persons
2. Subject to Conditions Precedent
3. destructability

Vested Remainders

1. Absolutely Vested
2. Subject to Complete Divestment
3. Subject to Partial Divestment: An Open Class

read more