Question

Beth owns a corporate office park in Ohio. Her ownership rights include the right to sell or give away the property without restriction, as well as the right to commit waste, if she chooses. Beth's ownership interest is:

Answer 1

Fee Simple Absolute

Step-by-step explanation:

The 6 types of modern freehold estates, distinguished by duration includes;

1. Fee simple absolute

2. Life estate

3. Fee tail

4. Fee simple determinable

5. Fee simple subject to a condition subsequent

6. Fee simple subject to an executory limitation

And also

The types of Fee Simple includes

A) Fee Simple Absolute

B) Defeasible Fees

Fee Simple Absolute

This is regarded as an absolute ownership. It is a never ending period of time with no hindrance or limitations on its inheritability. it also cannot be ended or shuffled on the happening of any event. It is also regarded as the right to possess now, even until the end of time.

Its characteristics includes:

1. The holder has all the rights or entitlement.

2. The duration is never ending that is, the interest is absolute because the interest will not end on the occurrence of an event or condition

3. There is no future interest that follows it

3. The owner has the right of possession, alienation, and exclusion

And others.