Property Ownership, Transfer of Title & Land Use 12.1 Flashcards
1
Q
What two absolute estates are there?
A
Fee simple absolute estates
Fee simple defeasible estates
2
Q
fee simple absolute is
A
The highest type of interest in real estate recognized by law because there are no limitations
3
Q
Fee simple absolute exceptions
A
Zoning laws
Common interest community
Restrictive covenants
4
Q
fee simple defeasible estate there are?
A
limitations placed on ownership