Less Than Freehold Estate. A tenant's interest in a property is a nonfreehold estate. Also known as a leasehold estate, a nonfreehold estate is created through a lease or rental.
Each type of real property fits into a classification of. Estates of less than freehold are created when the duration of the estate is certain or capable of being rendered certain. The key element of a less than freehold estate is the limitation of time.
