Why is a fee simple estate referred to as the highest form of ownership interest?

A fee simple estate is considered the highest form of ownership interest because it encompasses the complete bundle of rights associated with the property, granting the owner virtually unlimited duration of ownership. This means that the owner has the right to possess, use, and transfer the property as they please, and their ownership can last indefinitely, potentially being passed down to heirs without limitation.

This comprehensive bundle of rights includes the ability to sell, lease, develop, or even mortgage the property, providing the owner with extensive control over how the property is handled. The enduring nature of a fee simple estate means it is not bound by any time constraints that could limit the ownership duration, unlike other forms of ownership that may have certain restrictions or conditions. This level of control and permanence is what distinguishes a fee simple estate as the most significant and desired form of property ownership.