Examlex
Which of the following statements is correct?
Estate In Fee Simple
The greatest form of property ownership, where the owner has unrestricted rights to the property and can dispose of it as they wish.
Life Estate
An estate in land in which the right to possession is based upon a person’s lifetime.
Life Estate
A legal right to use and derive benefit from property for the duration of one's life, after which control reverts to another party.
Fee Simple
A type of freehold ownership where the owner has the greatest possible rights over the land forever.
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