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Freehold estate
Practical Law UK Glossary 5-381-1198 (Approx. 3 pages)
Glossary
Freehold estate
An estate in land which provides the holder of the estate with rights of ownership. There are several different types of freehold estate. The most common are:
- Fee simple, which is effectively absolute ownership of the land.
- Life estate, which effectively means ownership for the duration of the holder's life.