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Fee Simple is when you own a property completely, and you can live in it, sell it, or give it away whenever you want. However, the government still has some power over the property, like taxes, taking it back if nobody inherits it, or using it for public purposes.
Imagine you buy a house, and you own it completely. You can decide to live in it, rent it out, or sell it to someone else whenever you want. But, you still have to pay property taxes, and if the government wants to build a highway through your property, they can use eminent domain to take it for that purpose.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land of Fee Simple, your house is your own,
You can live there, or sell it, or rent it on loan.
But the government's powers, they still have a say,
For taxes and public use, they hold some sway.
Though your ownership's strong, there are forces at play,
Taxation, escheat, and eminent domain lay.
The police power too, keeps your property in line,
But in Fee Simple, my friend, your ownership does shine.