Property Ownership
In Maine, which of the following is an example of a 'freehold estate'?
AA 2-year lease
BA month-to-month rental
CA fee simple absolute ownership✓ Correct
DA license to use property for a specific event
Explanation
Freehold estates are ownership interests of indefinite duration. Fee simple absolute is the most complete freehold estate. Life estates are also freehold. Leases and licenses are non-freehold (leasehold) interests.
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