What term describes the most complete form of ownership in property rights?

The term that describes the most complete form of ownership in property rights is known as Fee Simple Ownership. This type of ownership grants the owner the highest level of control and rights over a property, including the rights to use, sell, lease, or transfer the property as they deem fit. In a Fee Simple arrangement, the owner possesses the property free from any conditions or limitations, other than those imposed by law.

Fee Simple Ownership is characterized by its permanence and completeness. It does not have an expiration date and does not end upon the death of the owner; it can be inherited. This contrasts with other property rights, such as Mineral Rights and Royalty Rights, which typically grant specific entitlements tied to a particular resource or situation and do not encompass full ownership of the land. Surface Rights focus solely on the ownership and use of the surface of the land, which also limits the owner's control compared to Fee Simple ownership. Thus, Fee Simple Ownership stands out as the most comprehensive form of property ownership, providing full and unconditional rights.