Question

Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses. Nika's ownership interest is:

a. a fee simple absolute.
b. an easement.
c. a leasehold estate.
d. a life estate.

Answer 1

Nika's ownership interest, which includes unrestricted disposal rights and the ability to commit waste, is characterized as a fee simple absolute.

Step-by-step explanation:

Nika's ownership interest is a fee simple absolute. This is the most extensive estate in land, where the owner has the full bundle of legal rights, including the right to dispose of the property without restrictions, and the right to commit waste if so chosen.

This level of ownership allows for complete control over the property, which includes the ability to sell it, lease it, give it away, or pass it upon death to heirs, without any limitations or conditions.

The ownership interest of Nika, with the right to sell or give away the property without restriction and the right to commit waste, is a fee simple absolute.

In a fee simple absolute ownership, the owner has the fullest and most complete bundle of rights, which include the right to freely transfer, sell, gift, or dispose of the property as they wish. The right to commit waste refers to the owner's ability to use the property in a manner that may cause a decrease in its value without restriction.

Therefore, the correct option is a. a fee simple absolute