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Freehold Estate |
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Freehold Estate |
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A Freehold Estate is an estate of uncertain duration.
| • | A freehold estate lasts at least a person's lifetime. |
| • | A freehold estate may terminate at a person's death (life estate). |
| • | A freehold estate may continue after a person's death (fee simple estate). |
The termination date of a freehold estate cannot be determined by use of a calendar. A leasehold estate is not a freehold estate since it terminates on a definite date that can be marked on a calendar and may last less than the leaseholder's lifetime.
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