What type of ownership is characterized as forever ownership or unlimited in time?

Freehold estates are indeed characterized as ownership that is unlimited in time, often referred to as "forever ownership." This type of ownership grants the holder full title to the property without any predetermined end date. It differs fundamentally from other types of estates, such as leasehold estates or non-freehold estates, which are limited in duration and typically associated with a specific period of use or a tenancy.

In the context of real estate, freehold estates can take various forms, including fee simple absolute, which provides the most complete form of ownership, or life estate, which is ownership that lasts for the duration of a person's life but reverts to another party after that individual’s death. The concept of freehold estate is crucial in understanding property rights and the legal implications tied to ownership.

The other forms listed, such as non-freehold estates or leasehold estates, imply a limitation on time—often due to a lease agreement or other contractual conditions that define the period of possession. Joint tenancies, while a specific manner of owning property with others, also do not intrinsically indicate forever ownership; they primarily focus on the right of survivorship among co-owners. Thus, the nature of freehold estates as being unlimited is what distinctly qualifies it as the