a freehold estate is most nearly
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What is a freehold estate?
A freehold estate exists when someone owns real estate, and that ownership lasts for an indefinite period. A landlord interest in a property is usually considered a freehold estate, while a tenant interest is typically classified as a nonfreehold estate. Learn what a freehold estate is and how it differs from a nonfreehold estate.
What is the difference between Freehold and nonfreehold?
Key Takeaways 1 A freehold estate exists when someone owns real estate and that ownership is for an indefinite period of time. … 2 There are three primary types of freehold estates: fee simple absolute, fee simple defeasible, and life estates. 3 A nonfreehold estate is when you have the right to use the property but you don’t own it. …
Is a landlord interest in a property freehold or non freehold?
A landlord interest in a property is usually considered a freehold estate, while a tenant interest is usually classified as a non-freehold estate. Learn what a freehold estate is and how it differs from a non-freehold estate.
What does it mean to hold an interest in property?
By Erin Eberlin. Updated May 16, 2019. Owning property or leasing property are two common ways to hold an interest in property. A landlord interest in a property is usually considered a freehold estate, while a tenant interest is usually classified as a non-freehold estate.