Fractional interest involves ownership of some but not all of the rights in real estate, such as easements, hunting rights, and leasehold interests.
Leasehold refers to the right acquired under a lease to use land and buildings for a specified period in return for the payment of a specific rental. Understanding leasehold agreements is crucial for both residential and commercial tenants, as it determines the terms and conditions under which they can use the leased property.
Marriage Value is the latent value released by the merger of two or more interests in land, often involving the union of the freehold and a long leasehold on the same property.
Partial interest refers to the ownership of a portion of the ownership rights to a parcel of real estate. This can include rights such as mineral rights, easements on another's property, or leasehold rights.
