What is a fee simple title? Let me tell you in plain English, it is the highest estate you can hold in land next to the Crown. Ownership of an estate in fee simple is not limited by time and continues indefinitely. This type of ownership comes with a load of rights, such as to dispose of the property by will, by gift or sale. There are of course statute limitations if the land is controlled by the Resource Management Act 1991 or if the property is to be sold to someone overseas. They would be affected by the Overseas Investment Act 2005. Warm regards Kim Matheson Principal Property Conveyancing Services
Tag: Investment Act
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