![]() ![]() An example of this is an easement, which is a right to use the land for a certain purpose, such as movement over the land. The owner of the fee can convey interests and still be considered the owner of the fee. This type of ownership involves complete control of the land, subject only to the requirements of government such as taxes which can encumber the property, the right of government to take the property for a public purpose for just compensation (power of eminent domain), and land use restrictions in the form of zoning and the prohibition against creating a public nuisance. The person or group of persons, or legal entity such as a corporation, which owns a full bundle of all the “sticks” (all that it is possible to own under our law) has what is known as a fee simple absolute estate in the real property. A deed may convey one stick, two or three sticks, or the entire bundle. Ownership interests or estates in land may be thought of as a bundle of sticks. A person may convey all or part of what he or she owns by deed. Interests in real property are usually conveyed that is, ownership interests are transferred, by instruments known as deeds.
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