freehold estate
Definition
Exclusive right to enjoy the possession and use of a parcel of land or other asset for an indefinite period. In contrast, a leasehold estate is for a fixed, definite period. See also fee simple absolute in possession.
freehold estate is in the Corporate, Commercial, & General Law and Real Estate & Buildings subjects.
freehold estate appears in the definitions of the following terms: life estate and leasehold estate
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