Property Ownership
In Colorado, a 'leasehold estate' differs from a 'freehold estate' in that:
AA. A leasehold estate grants ownership; a freehold does not
BB. A freehold estate is of indeterminate or lifetime duration; a leasehold is for a fixed or periodic term without ownership✓ Correct
CC. Only freehold estates are taxed
DD. A leasehold can only be month-to-month
Explanation
A freehold estate (fee simple or life estate) is an ownership interest of indefinite or lifetime duration. A leasehold estate grants possession and use for a defined term (fixed, periodic, or at will), but not ownership. The tenant has a personal property interest (not real property ownership).
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