![]() ![]() What is Fee Simple Ownership?įee simple is a term that is used in the world of real estate to describe an owner of a property who has full and irrevocable ownership of the land and any buildings that reside on the land. ![]() If you invest in real estate property that isn’t considered fee simple ownership, you can run into many problems - contractually, financially, and emotionally. Though knowing the vast list of real estate vocabulary may seem inconsequential, that knowledge can be the difference between a profitable deal and a deal that turns into a financial nightmare. This is where fee simple ownership comes in. ![]() Secondly, you want to ensure that your purchase of the subject property gives you the full ownership rights associated with renovating, selling, or renting the property to others. As a real estate investor, there are two critical things to consider when looking at buying a property.įirst, you need to verify that the person you purchase an investment property from has the full and legal right to sell the land and the buildings on it. ![]()
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