Property Ownership
In South Dakota, which of the following is a 'freehold estate'?
AMonth-to-month tenancy
BLease for a term of 5 years
CFee simple absolute✓ Correct
DTenancy at will
Explanation
Freehold estates are ownership interests of indefinite (or measured by life) duration: fee simple, fee simple defeasible, and life estates. Leasehold estates (including month-to-month, fixed term, and at will) are non-freehold.
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