What describes a freehold estate?

A freehold estate refers to an interest in real property that is characterized by ownership and the possibility of indefinite duration. Specifically, it grants the holder a possessory interest that does not have a predetermined end date, which means that the owner of a freehold estate has the right to possess, use, and transfer the property indefinitely. This distinguishes it from leasehold interests, which are temporary and have specific terms defined by leases.

In contrast, interests that last for a specific time would typically describe leasehold estates, not freehold estates. Similarly, temporary lease agreements inherently imply a defined period of tenancy, which does not apply to the nature of a freehold estate. Therefore, stating that a freehold estate is a possessory interest that never ends accurately captures the essence of what a freehold estate is and the rights it conveys to the owner.