not subject to a condition that will terminate the owner's interest (there no limits on inheritability (the owner(s), upon their death, canīequeath (will) the property to whomever they wish) potentially infinite duration (could own it forever if the owner(s) To be considered as having a fee simple absolute, the owner(s) must have Simple Absolute - considered the highest form of ownership Will primarily use real property examples to illustrate these legal principles. Rights) do I have with respect to this item and which sticks (which rights)ĭo you have with respect to this item?" We will use this analogy frequently. This analogy, the question becomes "which sticks in the bundle (which Of sticks" with each stick in the bundle representing a property right. Using We need to discuss specific property rights. To aid in this discussionĪnd understanding, property rights are sometimes described as a " bundle Understand the concept of property as "the rights one has in the property,"
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