Fee simple absolute in possession | 1 of 2 legal estate in English law

Fee Simple Absolute in Possession

Fee simple absolute in possession A “fee simple absolute in possession”, is a term of English statutory derivation, being the primary unqualified freehold estate in land. A ‘fee simple absolute in possession’ is: one of only two estates (the other being a term of years absolute) that is “capable of subsisting or of being conveyed or created at law”, Law of Property Act 1925, s. 1(a), i.e. a legal estate—any other estate being an equitable estate. In theory the owner of this … [Read more...]