Final answer:
The key difference between a less than freehold estate and a freehold estate is the duration of time. Less than freehold estates are temporary and time-bound, while freehold estates involve indeterminate ownership and are not limited by time.
Step-by-step explanation:
The key difference between a less than freehold estate and a freehold estate is c. Time. A less than freehold estate, also known as a leasehold estate, is a temporary right to possess property and is limited by time.
It includes tenancies like month-to-month rentals or fixed-term leases. In contrast, a freehold estate involves ownership and may last for an indeterminate period, which could potentially be forever.
Freehold estates come with a greater degree of control and rights over the property, such as the right of disposal, and are not limited by a specific time frame.