fee simple

(redirected from Freehold (real property))
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to Freehold (real property): freehold property

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.