What is a non-freehold estate?

Answer 1

In English Common Law less-than-freehold estates were the rights of tenants who leased real property. Those estates were considered personal property. A less than freehold estate has a predetermined limit of time. The most common in the modern era is a leasehold estate. A non-freehold estate involves possession but not ownership of property.

Answer 2

A freehold estate is the exclusive right to the use and possession of real property for an indefinite period. There are two kinds of modern freehold estates in the United States: a fee simple and a life estate.

Answer 3

Freehold property can be defined as any estate which is "free from hold" of any entity besides the owner. Hence, the owner of such an estate enjoys free ownership for perpetuity and can use the land for any purposes however in accordance with the local regulations.

A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.

Answer 4

Short non-legal answer: Freehold you own land AND building, Leasehold you own building, but have a long term lease on the land- you do not own the land.