less-than-freehold estate

less-than-freehold estate

The technical definition includes many real estate interests rarely seen any more.Today,the term largely refers to leasehold interests.For sake of historical reference,a lessthan-freehold estate is any estate in land or improvements which is capable of determination as to its length or duration.Contrast with a freehold estate, which is inheritable or is measured by a lifespan.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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