What type of ownership does Fee Simple represent?

Fee Simple represents a form of property ownership that is the most complete and absolute. It provides the owner with the greatest level of control and ownership rights over the property, including the ability to sell, lease, or will the property without any restrictions, except for local zoning laws and applicable regulations.

Under Fee Simple ownership, the owner has full dominion over the land and any structures on it. This type of ownership is not contingent upon any conditions or limitations, allowing for the unrestricted use and enjoyment of the property. Therefore, it is often considered to be the most desirable form of land ownership.

In contrast, other ownership types mentioned in the options include varying degrees of limitations and obligations, such as shared ownership or ownership with restrictions, which does not apply to Fee Simple.