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What Is Fee Simple Ownership?

If you want the biggest bundle of ownership rights to whatever residential property you purchase, settle for nothing less than fee simple, aka absolute ownership. But first, here's what it means.

[Updated: Feb 04, 2021 ] Jan 25, 2020 by Lena Katz
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Fee Simple  Leasehold Neither
• Single-family homes

• Homes in gated communities

• .Townhomes

• Condos

• Homes in planned unit developments (PUDs)

• Co-ops