Freehold Fee Simple Ownership is one of the most common types of Ownership in British Columbia.
Freehold fee simple grants the owner property rights over the land and any affixed structures upon it, subject only to the limitation of the Crown Grant. Fee simple property rights (and use of the lands) are also subject to any registered charges, liens, or interest on title under the Torrens land title system of BC (i.e., a registered lease or a restrictive covenant).
REALTORS® can inquire into the fee simple title by doing a land title search on the parcel, wherein the owners’ names are disclosed. The land title search can be further verified by a BC Assessment search, which allows the civic address and legal address to be compared against the title results.
Note: This is only a general introduction to the complexity of Freehold Fee Simple Ownership.
Source: BCREA
***
If you would like to learn more about how I serve my clients in buying and selling real estate in the Maple Ridge Pitt Meadows area please contact me here to book a time for an introductory free consultation.
Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.
Sincerely,
David Hennessey
REALTOR®
eXp Realty
604 626 8903
