Types of estates:
1. Freehold estate – indicates title of ownership
a. Fee simple -absolute title; conferred without limitation, qualification or restriction
b. Fee tail – pass title to grantee & his heirs
c. Life state – held for duration of life of grantee
2. Less than freehold estate – a right short of title
a. Estate for years – lease for a period agreed upon, lessor retains ownership of land
b. Tenancy from period to period – lease running from month to month or year to year with automatic renewal
c. Tenancy at will – person is permitted to occupy land of another without stipulation as to period
