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

A leasehold estate and a freehold estate are two different types of property rights in Washington state. A leasehold estate is an agreement between a landlord and a tenant that grants the tenant the right to occupy a piece of property for a specified period of time. The tenant’s rights are limited by the terms of the agreement, and when the lease expires, the tenant must vacate the property. In contrast, a freehold estate is an absolute interest in a piece of property that is held forever, unless the owner sells or transfers the property. The owner has full rights over the property and it cannot be taken away unless the owner forfeits it. The main difference between a leasehold estate and a freehold estate is that a leasehold estate is temporary and a freehold estate is permanent. With a leasehold estate, the tenant only has temporary rights to the property, while a freehold estate gives the owner full control over the property. The tenant also does not have the right to transfer the lease, while a freehold estate can be passed down to future generations. Additionally, the landlord has the right to end the lease at any time, while with a freehold estate, the owner cannot be forced to give up their property rights.

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

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