What is a significant characteristic of Fee Simple Estate?

A significant characteristic of a Fee Simple Estate is that it includes a comprehensive bundle of rights. This means that the owner of a Fee Simple Estate has almost complete control over the property. The rights typically included in this bundle are the right to possess the property, use it, lease it, sell it, and even the right to pass it on to heirs upon death. This level of ownership is the most complete and unlimited form of ownership available under property law, making it a foundational concept in real estate.

In contrast, the other options describe characteristics that do not align with a Fee Simple Estate. For example, while it is possible for two or more owners to hold property in severalty or as joint tenants or tenants in common, that is not a defining feature of a Fee Simple Estate itself. Additionally, a Fee Simple Estate is not temporary; it does not expire as long as the owner or their heirs continue to hold the title. Also, ownership transfer does not require outside consent, as the owner has the absolute right to sell or otherwise transfer their interest in the property without needing approval from others.