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Figure 1.1
Identify the levels of organization in the figure above.
-Label F: ______________________________
Sublease
A legal agreement where a tenant rents out a property they are leasing to another party.
Entire Interest
A phrase indicating the total ownership or complete control of property or an asset.
Freehold Estate
An interest in land or real property that is of uncertain duration, including estates like fee simple and life estates, which can be inherited.
Real Property
Land and any permanent structures on it, including buildings and natural resources, recognized as property that can be owned and transferred.
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