The government still has a sayĪlthough you have fee simple ownership interest, be aware that Uncle Sam still has the right to make demands of you and your property.
They may require you to get approval from a board or committee before you can sell your unit. Check your covenants, conditions, and restrictions, or CC&Rs, to find out what type of ownership you’ve purchased. No one (except the government in certain instances) can tell you who can buy it or what price you can ask for it.īe aware that if you’ve purchased a townhouse, co-op, or condo, you probably don’t own it fee simple your deed is likely to say “lease ownership.” While you own the residence or unit itself, you probably don’t own the land on which the development is built.
Put your property on the market and sell it to any person or organization at whatever price you find acceptable.
You can sell the property without restrictions
