What type of ownership does "fee simple" refer to?

Fee simple refers to the most complete form of ownership an individual can have over a property. It allows the property owner full right to use, rent, sell, or develop the land without any limitations placed by the previous owner. This unrestricted ownership implies that the owner holds the property outright, with the ability to transfer it freely to heirs or other parties, making it a crucial concept in property law and real estate.

Ownership described as fee simple does not come with conditions or limitations that might restrict the owner's rights. Other ownership arrangements, such as those involving specified conditions or temporary rights, do not afford the same level of control. This unique aspect of fee simple ownership makes it the standard for real estate transactions and property rights in most jurisdictions.