Which of the following is a form of land ownership in which an individual holds complete ownership and control over a piece of land?
Which of the following is a form of land ownership in which an individual holds complete ownership and control over a piece of land?
Explanation
Freehold (or fee simple) is complete land ownership with full control. The owner can use, sell, lease, or pass down the land without restrictions from any superior owner.
Other forms: leasehold (temporary rights), communal (group ownership), and tenancy (renting from owner). Each has different rights and limitations.
In Nigeria, the Land Use Act (1978) vests land in state governors, affecting traditional freehold concepts. Certificates of Occupancy grant use rights rather than absolute ownership.