freehold estate

Estates with a freehold are those that last for eternity.

There are some freehold estate types where the estate lasts past the life of the owner and passes to their living heirs upon death in accordance with the terms of the will or the law. Other freehold estates exist only for the term of a person's life.

Contrast with nonfreehold estate.

[Last reviewed in January of 2023 by the Wex Definitions Team]

Keywords

• property
• future interests

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