![]() The 2009 land law reforms provided that the only legal estates which may be created or disposed of are a fee simple in possession and a leasehold estate. In modern times a significant body of regulatory legislation, including in particular planning permission, building regulations and environmental legislation, regulate what can be done on private land in the public interest. Historically very few statutory restrictions existed. ![]() ![]() In modern times, it is the most common and most desired ownership interest.Ī fee simple estate is subject only to the restrictions that apply under the general law. It is, by definition, free of incidents (condition and limitations) of the type that apply to other estates. The fee simple estate in possession, sometimes described as a fee simple absolute or a freehold estate, is the most extensive ownership known to the law. Midland Bank Ltd v Farmpride Hatcheries Ltd.In re Fayle and The Irish Feather Co.’s Contract.Restrictions on legal estates and interests.Ownership and abolition of feudal tenure.Land and Conveyancing Law Reform Act 2009.
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