Real estate fact, did you know the definition
of: fee simple estate
An unconditional, unlimited estate of inheritance that represents the
greatest estate and most extensive interest in land that can be enjoyed. It
is of perpetual duration. When the real estate is in a condominium project,
the unit owner is the exclusive owner only of the air space within his or
her portion of the building (the unit) and is an owner in common with
respect to the land and other common portions of the property.
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