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Home > Law > Law glossary > Law glossary
fee simple absolute in possession
Last modified: Thu Feb 23 16:37:37 2006
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
Law glossary index
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