Legal Definitions - fee interest

Fee interest refers to the ownership of both the surface interest and the mineral interest. This means that the owner has complete control over both the land and any minerals or resources that may be found beneath it.

• John owns a piece of land that has oil reserves beneath it. He has fee interest in the property, which means he has the right to extract and sell the oil.
• Samantha inherits a property from her grandfather. The property has fee interest, which means she has complete ownership of the land and any resources on it.

These examples illustrate how fee interest gives the owner complete control over the land and any resources on it. In the first example, John has the right to extract and sell the oil, which can be a valuable resource. In the second example, Samantha has complete ownership of the property, which means she can use it for any purpose she chooses.