New Hanover County Schools acquired the site for Wrightsville Beach Elementary School in 1953 from Shore Acres Co.
The school district has fee simple title for the property. A fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. A fee simple buyer is given title, or ownership, of the property, which includes the land and any improvements to the land in perpetuity.
The deed for the school does not include terms limiting the future use of the property, nor does it contain any provision requiring the property revert back to the previous owner for any reason, according to the director of facility planning and construction at New Hanover County Schools, Eddie Anderson.
The school will not revert back to the company that it was obtained from if it becomes a different institution in the future.
Date posted: September 6, 2016
User-contributed question by:
Roscoe
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