What does Fee Simple Estate mean? Read on to discover the definition & meaning of the term Fee Simple Estate - to help you better understand the language used in insurance policies.
Fee Simple Estate
A fee simple estate is a piece of real property that is completely owned by a party. This means that there are no competing interests in the property, and the property owner has full control of the property with regards to property laws.
We hope the you have a better understanding of the meaning of Fee Simple Estate.