Freehold and Non-freehold Ownership
The status of the land is fixed by law, and is distinguished as being either a freehold estate or a non-freehold estate. Freehold means ownership in perpetuity. Non-freehold implies that the owner holds the rights for a specific time period, after which the holder no longer holds the rights.
Read more about this topic: Mineral Rights
Famous quotes containing the word ownership:
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—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)