What is the most common type of real estate ownership in Connecticut?

Fee simple ownership is the most common type of real estate ownership in Connecticut because it represents the highest form of property ownership available. With fee simple ownership, the owner has complete control over the property and can use, lease, or sell it without restrictions, subject only to zoning laws and other regulations. This type of ownership grants the holder the full bundle of rights associated with real estate, which includes the rights to possession, control, exclusion, enjoyment, and disposition of the property.

Fee simple ownership is appealing to many homeowners and investors because it provides long-term stability and security. It is the default method of ownership unless otherwise specified in a deed. This contrasts with other forms of ownership such as joint tenancy or tenancy in common, which involve shared ownership and can complicate property rights and transfer processes. In Connecticut, as in many other states, fee simple is the preferred choice for individuals looking to own property outright.