The K-Zone: fee simple absolute in possession

The owner of fee simple EstateInLand is a Freehold owner: no rent is due to anyone (but see Rentcharge), and no-one has a stronger title to the land (with the notional exception of the Crown). `Absolute' implies that the ownership is exclusive and `in possession' means that the owner has the enjoyment of the property right now, rather than in the future. This is one of the two forms of legal estate established by the LawOfPropertyAct1925, which dissolved all the others. The other form is the leasehold `TermOfYearsAbsolute'.

LandAndPropertyLaw