Fee simple” is a legal term used in New South Wales (NSW)

A fee simple is a form of land ownership that gives the owner the right to use and pass on the property without time limit. It’s also known as a freehold estate. 

How does fee simple work?

• The owner can use, sell, renovate, or lease the property 
• The owner can pass the property on to their heirs in their will 
• If the owner dies without a will, the property will go to their next of kin or the Crown 
• The owner can use the property as collateral for loans