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

A leasehold estate and a freehold estate are two types of property law in Massachusetts. A leasehold estate is an agreement between the landlord (the owner of a property) and the tenant (the person who rents the property). The landlord grants the tenant permission to occupy the property for a specific period of time. The leasehold estate can be either a fixed-term agreement or a periodic agreement, such as a month-to-month arrangement. The tenant is responsible for paying rent on the property during the term of the agreement and must abide by any restrictions imposed by the landlord. A freehold estate is a type of property ownership in which the owner has legal title to the property for an indefinite period of time. Freehold estates may be transferred to another person by the owner, either through a sale or some other form of transfer. With a freehold estate, the owner has the right to make changes to the property, such as making repairs or improvements. The owner also has the responsibility of paying all taxes and other fees associated with the property. In summary, the main difference between a leasehold estate and a freehold estate is that the tenure of each estate is different. A leasehold estate is a temporary agreement between the landlord and the tenant, while a freehold estate is a type of permanent property ownership. The rights and responsibilities of the tenant and owner vary depending on the type of estate.

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

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