The vast majority of property for sale in Nicaragua has a fee simple (freehold) title. There is leasehold property for sale, although this makes up a very small proportion of total sales of real estate in the country.
The most straight forward way to own property in Nicaragua is in your own name. It is also a simple process to hold the property in the name of a Nicaraguan corporation and many Nicaraguan law firms have ready shelf corporations for sale to make this process an efficient one. You can also hold property under a foreign corporation (the most common vehicles being a US or Panamanian corporation) although the legal process to do this will take a little longer.
There are no restrictions on foreigners owning property and running business in Nicaragua. Law 344 establishes equal treatment of foreign and domestic investment; eliminates restrictions on the way in which foreign capital can enter the country; and recognizes a foreign investor's right to own and use property without limitation.