Unit 4 Intersts In Real Estate

Question 1

A ownership interest that continues for A lifetime or forever is what type of estate?

Answer 1

Freehold estate

Question 2

What are the two types of freehold estates?

Answer 2

1. Fee simple estate

2. Life estates

Question 3

A freehold estate can’t be a fee simple estate that continues for an

Answer 3

And definite period And maybe pass along to the owners airs

Question 4

A freehold estate can also be a life estate that is held only for the

Answer 4

Lifetime of a person and ends with the individual dies.