What type of estate allows for the full control and the greatest interest in the property?

The type of estate that grants the full control and the greatest interest in a property is known as a fee simple estate. This legal term refers to an ownership interest that is not limited in duration, meaning that the owner holds the property indefinitely and has the most complete form of ownership recognized by law.

Owners of a fee simple estate have the right to sell, lease, or transfer the property as they wish, and their interest in the property can be passed down to heirs upon their death. This type of estate is characterized by its permanence and the absence of conditions or limitations on ownership, which distinguishes it from other types of estates.

In contrast, life estates are limited to the duration of a person's life, leasehold estates grant use rights for a defined period with restrictions based on the lease terms, and periodic tenancies involve rental agreements that renew at specified intervals. None of these alternatives provide the same level of control and duration of ownership as a fee simple estate.