Tag: freehold estate

A life estate in real estate grants ownership rights for the duration of a person's lifetime, then transfers to a remainderman. Learn how life estates work, their impact on property rights, and what to expect on the real estate license exam.

A freehold estate grants ownership of property indefinitely, while a leasehold estate grants the right to use property for a defined period. Learn the key differences and what to expect on the real estate license exam.