Historically very few statutory restrictions existed. In modern times, it is the most common and most desired ownership interest.Ī fee simple estate is subject only to the restrictions that apply under the general law. It is, by definition, free of incidents (condition and limitations) of the type that apply to other estates. The fee simple estate in possession, sometimes described as a fee simple absolute or a freehold estate, is the most extensive ownership known to the law. Midland Bank Ltd v Farmpride Hatcheries Ltd.In re Fayle and The Irish Feather Co.’s Contract.Restrictions on legal estates and interests.Ownership and abolition of feudal tenure.Land and Conveyancing Law Reform Act 2009.
