Most extensive rights acquired under Fee Simple Estate

Question

Explain the most extensive rights acquired under Fee Simple Estate?

Answer 1

The most extensive rights are acquired under fee simple estates are:-

1. Possess and use: Subject to municipal by laws.

2. Exclude others: Subject to legislation that permits certain government officials to enter onto property.

3. Sell/transfer all or part: Subject to legislation setting out rules as to how a transfer becomes effective and subject to the Planning Act regulations for subdivision of land.

4. Lease: Subject to the Planning Act and regulation of commercial and residential tenancies.

5. Mortgage: Subject to legislation.

6. Give/bequeath: Subject to the Succession Law Reform Act.