Mario bought a small house in Nelson and was puzzled when he saw ...

[Jipu 123]

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.

[cloudre37]

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[Jipu 123]

Wow, this really help

[dyrone]

Thanks for the timely response, appreciate it