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Freehold Estates

https://www.RealEstateSchoolForSucces.... This video introduces the concept of estates in land, clarifying that it refers to different ways real property can be owned. It distinguishes between freehold estates, indicating ownership, and nonfreehold (leasehold) estates, representing rental interests. The module defines key terms like tenancy, interest, fee (inheritable), and title (proof of ownership) within the context of these estates. Furthermore, it explores two primary types of freehold estates: fee simple absolute, the highest form of ownership without restrictions, and defeasible fees, which involve conditions or restrictions that, if violated, can lead to loss of ownership through mechanisms like fee simple determinable, fee simple subject to a condition subsequent, and fee simple with an executory interest. The material emphasizes that real estate agents should understand these fundamental concepts and terms but must not provide legal advice on how clients should hold property.