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| | Fee simple - Wikipedia, the free encyclopedia |
 | | It is the most common way real estate is owned in common law countries, and is ordinarily the most complete ownership interest that can be had in real property, however it is still limited by the four basic government powers of taxation, eminent domain, police power, and escheat. |
 | | Historically estates could be limited in time, such as a life estate, which is an interest in lands that terminates upon the grantee's (or another person's) death, even if the land had been granted to a third party, or a term of years. |
 | | That is only partially true, for example a rentcharge may exist requiring a freeholder to pay a fixed sum of money closely resembling rent, and many jurisdictions have created financial obligations that may be imposed on a freehold estate, for example in England and Wales, the estate charge. |
| www.wikipedia.org /wiki/Freehold_%28real_property%29 (650 words) |
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