What type of ownership interest is described as "Fee Simple Absolute"?

The description of "Fee Simple Absolute" refers to the most complete form of ownership in real estate. This type of ownership grants the holder full rights to the property, which includes the right to possess, use, and transfer the property without restrictions. The owner can sell, lease, or bequeath the property at will and the ownership is not limited by time; it lasts indefinitely.

In contrast, other forms of ownership provide varying degrees of control and rights. For instance, a limited partnership interest typically restricts the ability to make decisions about the property, while a temporary leasehold interest provides only the right to use the property for a specific period, lacking the permanence and comprehensive rights associated with fee simple ownership. Additionally, the least amount of ownership rights mentioned is less comprehensive than what is provided by fee simple absolute, reflecting its nature as the most unrestricted and complete form of ownership available in real estate.