Property Ownership
The difference between a freehold estate and a leasehold estate is that a freehold estate:
AIs always owned by a corporation
BRepresents an ownership interest of indefinite duration (ownership), while a leasehold is a possessory interest for a defined term✓ Correct
CCan never be mortgaged
DIncludes only the surface rights, not air or mineral rights
Explanation
A freehold estate is an estate of ownership with an indefinite duration — the owner holds title (fee simple or life estate). A leasehold estate is a possessory interest for a specified period under a lease agreement. The leaseholder does not hold title; they have the right to use and possess the property for the lease term.
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