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“Fee interest” or “fee simple interest” is a legal term used in real estate to describe the most complete form of ownership or rights one can have in property.
Imagine you purchase a home, and you acquire it as a fee simple interest. This means you have the absolute ownership of that home. You have the right to live in it, rent it out, sell it, or pass it along to your children when you pass away. You could even tear down the house and build a new one, if you like.