What is a non-freehold estate?
Understand the Problem
The question is asking for a definition and explanation of a non-freehold estate, which is a legal term in property law referring to a type of property ownership that does not provide the holder with permanent interest in the property.
Answer
A non-freehold estate grants the right to possess, but not own, the property.
A non-freehold estate is an estate which grants the right to possess the property but not the title to own the property. It is typically known as a leasehold or tenancy.
Answer for screen readers
A non-freehold estate is an estate which grants the right to possess the property but not the title to own the property. It is typically known as a leasehold or tenancy.
More Information
Non-freehold estates are often structured around lease agreements and are held by tenants. They do not confer ownership but rather the right to use the property for a specified period.
Sources
- The web page with info on - Cornell Law School - law.cornell.edu
- Land Ownership: Freehold vs. Nonfreehold Estates - Investopedia - investopedia.com
- Nonfreehold estate definition · LSData - LSD.Law - lsd.law
