Nonfreehold Estate

Nonconventional Loan Reading Nonfreehold Estate 1 minute Next Note

Definition:   an estate in real property in which ownership is for a determinable time period, as in a lease

Pronunciation:  \(ˈ)nän-ˈfrē-ˌhōld\\i-ˈstāt\

Used in a Sentence:   The nonfreehold estate granted us the right to use and possess the property for the duration of the lease.

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