What is fee simple with a joint tenancy?
Fee simple with a joint tenancy is essentially complete ownership of property by more than 1 person. The term “fee simple”, also called “fee simple absolute”, means that the owner owns the property outright with right to use it during his lifetime and convey it by deed during his life or by will upon his death. The terminology is from old English and was used to distinguish full ownership from less than full ownership. Full ownership does not refer to percentage of ownership. It refers to the right to use it during life (a present interest) and to dispose of it later on (the future interest). Another type of ownership back then was called “fee tail”. This meant that the owner could convey the property only to members of his blood family, or “tail”. If he conveyed it to anyone else, the person that sold it to the owner could take the property back. This obviously limited the owners rights and so he did not have simple absolute rights to the property. A fee simple can be owned jointly by
