What is the difference between a leasehold and a freehold estate?

A leasehold estate and a freehold estate are two different kinds of real estate ownership in Alaska. A leasehold estate is defined as a limited and temporary right to use or occupy property that is owned by another. It is usually granted by a landlord who owns the land or building and is known as the lessor, and the tenant who pays for the right to use the property is known as the lessee. Leaseholds are typically long-term agreements in which the tenant pays rent to the lessor in exchange for the right to occupy the property. The landlord typically holds primary control of the property, and the tenant holds a limited right to use the property as per the lease agreement. A freehold estate, by contrast, is a type of real estate ownership in which the rights and obligations of the owner to the property are not limited by a leasehold. The owner holds complete rights to the property and is responsible for all associated taxes and upkeep. The ownership is not limited by a lease agreement, so the owner has complete control over how the property is used and maintained. In summary, a leasehold estate is a limited, temporary right to use or occupy property owned by another, whereas a freehold estate is an unrestricted real estate ownership where the owner holds complete rights to the property.

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What is the difference between a leasehold and a freehold estate?

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