What type of property interest grants the owner the most comprehensive rights, including the right to sell, lease, or mortgage?

The most comprehensive type of property interest is known as a fee simple absolute. This form of ownership provides the holder with the maximum rights over the property, including the ability to sell, lease, or mortgage it without restrictions. The owner of a fee simple absolute has complete control over the property for an indefinite period, and their rights are not contingent upon any conditions.

In contrast, a life estate grants rights that expire upon the death of the individual holding the estate, meaning the ownership is not permanent and reverts to another party afterward. A leasehold estate indicates a temporary right to use and inhabit property, typically under a rental agreement, and does not confer ownership rights like selling or mortgaging. Joint tenancy allows multiple owners to hold property together, but it introduces complexities in terms of rights, especially concerning transfers and the right of survivorship, which can limit individual control over the property.

These distinctions clarify why a fee simple absolute is the preferred choice for comprehensive property rights, ensuring full control and flexibility for the owner.