Who is referred to as the owner of a freehold estate?

Prepare for the Georgia Real Estate Pre-Licensing Test with comprehensive flashcards and multiple choice questions, complete with hints and explanations. Set yourself up for success!

The individual referred to as the owner of a freehold estate is commonly known as a freehold tenant. A freehold estate is a type of ownership that is characterized by the duration of ownership being indefinite or permanent. This means that the freehold tenant possesses full rights to the property, and their interest does not have a predefined end date, unlike leasehold estates where a tenant's rights are limited to the terms of their lease agreement.

A freehold tenant has the ability to sell, transfer, or will the property to heirs, thereby enjoying complete control and ownership over the real estate. Understanding this concept is crucial as it distinguishes freehold estates from other forms of property ownership, particularly in how rights and privileges are structured under real estate law.

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