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Enlightened absolutism
Fee Simple
The most extensive ownership interest in land that one can possess under law, which includes the right to use, lease, or sell the property at will.
Good Chain of Title
A clear sequence of ownership documents reflecting an unbroken transfer of property rights from the original owner to the current owner.
Reversioner
An individual or entity entitled to reclaim possession of property after a certain condition has been fulfilled or a specific period has elapsed.
Expropriation
The forceful taking of land by a government or government agency for public purposes.
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