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Social Science
Law
Civil Law
Freehold vs. Leasehold
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Act of waste
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Abuse of a property by a person who holds possession through a life estate
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Terms in this set (19)
Act of waste
Abuse of a property by a person who holds possession through a life estate
Fee simple
An inheritable estate
Fee simple absolute
Provides the most complete form of ownership and bundle of rights in real property
Qualified fee
An inheritable freehold estate that is defeasible (the grantor can terminate the title). For example, a parent could transfer property to a child as long as the child remained unmarried.
Life estates
Ownership, possession, and control for someone's lifetime
