arthj
15 posts
Aug 09, 2024
2:28 AM
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A nonfreehold estate is a type of property interest where the occupant has the right to use or occupy the property for a specified period but does not have full ownership. Unlike freehold estates, which grant indefinite ownership, nonfreehold estates involve a lease or rental arrangement. This means that the tenant or leaseholder has temporary rights to the property, typically governed by a lease agreement that outlines the duration and terms of their stay. Understanding what a what is a nonfreehold estate is can help clarify the rights and responsibilities of both landlords and tenants, ensuring a smoother property management experience.
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