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A fee simple absolute represents total ownership of personal property?
A fee simple ownership represents absolute ownership of real property.
What is absolute ownership?
is the direct rights of ownership over a property which a particular person posses and he or she can do what ever on the land for they own the rights on the property.
Is a deed used in both real property and personal property?
Deeds are the legal instruments used to transfer ownership of real property. Ownership of some personal property is done via certificates such as Certificates of Title for transferring title to motor vehicles.
Is ownership of personal property conveyed by a bill of sale or deed?
Ownership of personal property is conveyed by a deed. A bill of sale is merely a transaction written on paper. The person who has ownership is the person listed on a deed or title. In the absence of a title, such as in furniture, a bill of sale is proof of ownership. It just depends on the type of property, and whether the property is required by law to have a title.
What is the difference between tenancy by the entireties and absolute ownership?
Tenancy by the entirety is the way legally married people can hold title to their property. It means that when one dies the other automatically becomes the sole owner of the property. Absolute ownership means that you own the fee interest in the property. You have the right to the use and possession of the property and can leave it to your heirs when you die.
Is a title to personal property transferred pursuant to a bailment?
No, only the lawful possession of the property, and not ownership, is transferred.
What the meaning of estate ownership?
A persons estate is all the property they own both real and personal property.
What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?
No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.
Type of ownership of real property that grants owners the fullest bundle of legal rights one can hold in real property?
Fee simple absolute.
The most complete interest that someone can own in a parcel of real property in California is known as a?
The most complete interest that someone can own in a parcel of real property in California is known as a "fee simple absolute." This type of ownership grants the holder full rights to the property, including the ability to use, sell, or lease it, and it is not limited by any conditions or restrictions, aside from zoning laws and government regulations. It represents the highest form of property ownership and is inheritable.
What types of goods are considered personal property?
Personal property are things that you have within your ownership, these can be personal items like clothing, accessories, or even household items. Larger items are also considered personal property like a home or automobile.
