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 (fee simple) is complete land ownership with full control. The owner can use, sell, lease, or inherit the land without restrictions from any superior owner.
Other forms have limitations: leasehold (time-limited), communal (shared decisions), tenancy (renting). Freehold offers maximum control and security.
In Nigeria, the Land Use Act vests land in state governors, modifying traditional freehold concepts. Certificates of Occupancy grant use rights.