Question

6 . Explain the differences between freehold, leasehold, life, and future estates.

Answer 1

樂悠然 * Freehold estates : In case of freehold Property buyer to Receine Full Qtdonor Ownership & Possession of the Property and have absolute Control ones the propenty. Maintance of the Property totally belogry to the owner of the Property i.e. buyer. In case of any Alteration to the start estate byer has full Right to carry out that Alteration as t he same desire. * Leasehold estates o In Case of leasehold Property - the ownership or tintitle deeds of the Property belogist belongs the the respective Ownes ie. Seller, and the part of a Property is given to leasee for Use for N Number of years. In case of any Alteration lasee has to firstly tate obtaine Noc from the owner of the Property Heatie. Selles (teaser). Lease can be for gg Years. life estates! In Cose of life estates the owner- - Ship of Property tostoge belongs to the life of a person, and that person is known as the life tanant or temporary ownes, on the occassion of the death of the temporary owner the estate May the revert to the original autor ownes or trasfer to the another person. the temporary owher May let the Property but has no right to sell or transfer it to another person. *

* Future estate : In Case of future estate a person has a legal ownesship of the Property but has no for Present Possession and Cannot. enjoy the property but he has a legal right to get the possession of the property in the future. rega Example for this could be Landlord tana tenant Relationship.