Fee Simple
Fee simple is the most complete ownership interest in real property, representing broad rights to use and transfer property subject to law and recorded restrictions. In transactional practice, fee simple is the interest typically conveyed by deed in standard sales.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Ownership structuring; deed conveyance
- Property types
- One- to four-family, condos, commercial, land
Read more in the Knowledge Base
- Ground Lease Residential StructuresBuyers
- Property Condition Disclosure Statement - Current RPAPL §462 ComplianceSellers
- Townhouse and Brownstone Acquisition in NYC - Structural Systems, Landmark Constraints, and Operating CostsBuyers
Related terms
Ownership Structures
General information, not legal, tax or financial advice.