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Name and Describe the Five Strategic Forces

question 38

Essay

Name and describe the five strategic forces.


Definitions:

Freehold Estate

An interest in land that grants the holder full rights to use and control the land for an indefinite period.

Real Property

Land and anything permanently attached to it, such as buildings and other structures, which is distinct from personal property.

Fee Estate

An interest in land that grants the holder full ownership rights, potentially lasting indefinitely.

Life Estate

A property interest that lasts for the lifetime of a specific individual, after which the property passes to another designated party.

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