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What does it mean if a seller owns a freehold interest in a property and an under leasehold interest?

In: Law & Legal Issues, Commercial Property [Edit categories]

Answer:

freehold n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety).

First answer by Stacypitts22. Last edit by Stacypitts22. Contributor trust: 0 [recommend contributor ]. Question popularity: 2 [recommend question].

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