23 Miss. Code. R. 103-2.4 - Fee Simple Ownership

A. Relates only to real property;

B. Means absolute and unqualified legal title to real property;

C. Fee simple ownership is completely free of conditions imposed by others.

D. The owner has the unconditional power of disposition during his lifetime.

E. Upon the owner's death, property held in fee simple can always pass to the owner's heirs.

F. May exist with respect to property owned jointly or solely.

Notes

23 Miss. Code. R. 103-2.4

Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).