What type of real estate ownership is considered the most all-inclusive?

Fee simple ownership is recognized as the most comprehensive form of real estate ownership. This type of ownership grants the holder complete control over the property, subject only to certain limitations imposed by law, such as zoning regulations or easements. A fee simple estate allows the owner to use, lease, sell, or will the property to heirs, thus providing maximum rights and privileges.

Unlike other types of ownership, such as a conditional fee estate, which may come with specific conditions that could result in the loss of ownership if the conditions are violated, or a life estate, which only lasts for the duration of a person's life, fee simple ownership encompasses a broader array of rights. Additionally, a reversionary interest does not grant full ownership rights; instead, it refers to the future interest that comes back to the original grantor once a temporary interest expires.

Therefore, fee simple represents the pinnacle of ownership rights in real estate, giving the owner the highest degree of control and benefitting from the property in perpetuity, barring any legal constraints.