Which of the following is NOT a type of fee simple?

The choice indicating that a leasehold estate is not a type of fee simple is correct. Fee simple estates are a category of freehold estates that convey the most complete form of ownership one can have in real property, with various types including fee simple absolute and fee simple defeasible.

A fee simple absolute represents the most unrestricted ownership with no conditions attached. This allows the owner to use, lease, or sell the property at will. A fee simple defeasible, on the other hand, includes certain conditions or limitations that may lead to the property reverting back to the grantor if certain events occur, thereby introducing a layer of control not present in a fee simple absolute.

Conversely, a leasehold estate is fundamentally different in that it grants possession and use of the property for a specified period, but it does not confer full ownership. The leaseholder does not possess the same rights associated with fee simple estates and must adhere to the terms of the lease agreement, making it distinct from the types of fee simple ownership. This key difference is what solidifies the choice of leasehold estate as the correct answer to this question.