What are the types of estates?

written by Howard

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