fee simple

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fee simple

The maximum possible interest (estate) one can possess in real property is the fee simple absolute.It is unlimited as to duration,transferability,and descendability to heirs.Lesser types of fee simple estates include the fee simple defeasible and the fee simple determinable,both of which may result in loss of the property upon the happening of some event in the future.

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The loan is secured by the fee-simple interest in the 518,153 square feet (SF) of in-line space at the Mall at Millenia in Orlando, FL.
This is a great opportunity to obtain a fee-simple interest in an asset with terrific and readily achievable expansion potential.
Beyond deferral of capital gains taxes and depreciation recovery, 1031 TIC exchanges offer ease of property ownership in the form of fee-simple, deeded fractional interests in institutional, investment-quality real estate; a pro-rated share of cash flow, depreciation and appreciation; typically independent professional asset and property managers; established governance rules and voting procedures among property owners; and a simplified closing process.
Purchasers obtain a fee-simple title to their home, thereby securing the benefits of home ownership for the preservation of an estate for future generations.