Which type of estate conveys all rights of ownership?

A fee simple estate is recognized as the highest form of property ownership. It conveys all rights associated with ownership, which include the right to use the property, sell it, lease it, or even will it to heirs. This type of estate is not limited in duration and is not subject to any conditions that might alter its ownership or use.

In contrast, a leasehold estate grants temporary rights of use to a lessee without transferring ownership, while a life estate limits ownership to the lifetime of the individual, after which ownership reverts to another party. A conditional estate, on the other hand, allows ownership to exist only under certain conditions, so if those conditions are not met, ownership may revert to the original grantor or their heirs. Thus, the fee simple estate stands out as the option that embodies complete ownership rights without restrictions.