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Define fee simple absolute estates1/29/2024 ![]() ![]() There are three main types of freehold estates in the United States: The particularities and extent of these rights depend on which type of freehold estate it is. Freehold estates are characterized by specific rights in relation to “ownership” of the land. You can contrast this with the opposite, a non-freehold estate, which has a specific termination date for the tenant’s leased property rights. You can think of it as, “I own the property” since the estate lasts at least a lifetime and then the property can be willed to the owner’s heirs. ![]() ![]() A freehold estate is an estate in land that has an indefinite duration or in other words, there is no definitive termination date for ownership. ![]()
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