Fee Simple - Explained

The video tutorial explains the concept of fee simple, which is the transfer of maximum estate ownership under law. It covers two main categories: fee simple absolute, where the transfer is complete with no reserved rights or contingencies, and fee simple defeasible, where the transfer can be undone if certain conditions occur. An example is provided to illustrate fee simple defeasible, where land is transferred for use as a park, but reverts if used otherwise.

What is meant by 'fee simple' in property transfer?

What rights are transferred in a fee simple ownership?

Explain the difference between fee simple absolute and fee simple defeasible.

What happens to a fee simple defeasible if a certain event occurs?

Provide an example of a fee simple defeasible situation.