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Author Question: Mario bought a small house in Nelson and was puzzled when he saw the conveyancing documents, which ... (Read 52 times)

Jipu 123

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on: Aug 7, 2021
Mario bought a small house in Nelson and was puzzled when he saw the conveyancing documents, which referred to a transfer of a "fee simple." The following statements were made to him to explain the term. Which is correct?
◦ The owner of the fee simple also owns what is below the land, including mineral rights.
◦ If the owner of the fee simple dies without a will, his estate reverts back to the Crown.
◦ The owner of the fee simple has the right to exclusive possession of the land until his death.
◦ Technically, only the Crown owns the land, but the fee simple interest is the greatest bundle of rights, other than the Crown's, that a person can own.
◦ The owner of the fee simple has rights to the surface of the earth and also unlimited use of the airspace above his property.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by Jipu 123 on Aug 7, 2021

cloudre37

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Jipu 123

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Reply 2 on: Aug 7, 2021
:D TYSM

diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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