It is, by far, the most common form of real estate ownership without any restrictions from previous owners or their heirs. Ownership of an estate or parcel of land through the Fee Simple Absolute conveys extensive rights and privileges. These include:Īll types provide different forms of ownership rights - let’s explore… Freehold Estate Definitions Fee Simple Absolute When it comes to freehold estates, there are several key categories that you should have in your real estate toolkit. Whether you're just starting to study for real estate or looking for a refresher on real estate law topics, this guide will provide the information you need to make sure you have a solid understanding of the ins and outs of freehold estates.Ī freehold estate allows you to possess a property without worrying about time constraints, while owning the less than freehold variation entails finite and stipulated occupancy lengths. In this article, we'll break down exactly what a freehold estate is and then look at the three main types. Do you know what a freehold estate is? It can be confusing getting to grips with different terms used in real estate law.
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