Learning Real Estate one word (or phrase) at a time…
Absolute
Unrestricted and without conditions or limitations, as in a fee simple absolute estate, an absolute conveyance, or absolute liability (strict liability).
When something is described as “absolute,” it means that it is completely unrestricted and free from any conditions or limitations.
A “fee simple absolute estate” is the highest form of property ownership where the owner has full and unconditional rights to the property, including the right to use, possess, and dispose of it as they wish.
An “absolute conveyance” refers to a transfer of property without any reservations or conditions, where the entire interest in the property is passed from one party to another without limitations.
“Absolute liability,” often seen in the context of strict liability in legal matters, means that a party is held responsible for their actions without the need to prove fault or negligence; it’s a form of liability that doesn’t consider excuses or defenses and imposes responsibility without conditions.
These examples demonstrate that “absolute” signifies a state of complete and unrestricted control or responsibility without any qualifications or limitations.
