Apr 22 , 2016

Tampa School of Real Estate

Nonfreehold Estate

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.