Which concept describes ownership in fee simple?

• A. Leasehold.
• B. Easement.
• C. License.
• D. Freehold estate.

Answer: (D)

Ownership in fee simple is the most complete form of land ownership, with no time limit and the broadest set of rights that can be freely transferred, inherited, or encumbered. In property law this form is described as a freehold estate—you own the land outright and can sell, mortgage, or lease it, subject to any legal restrictions or covenants. A leasehold, by contrast, grants possession for a defined term without transferring ownership of the land itself. An easement provides a specific right to use someone else’s land, not ownership, and a license is permission to use land that can be revoked and does not create an estate. So, the concept that describes ownership in fee simple is a freehold estate.