Estates
Freehold estates
Real property ownership that are for an indefinite duration
Fee simple estate
The most complete and absolute ownership of real property
Pur autre vie (for other life)
A life estate based on the duration of the life of a person other than the grantor
Remainder estate
A life estate that goes to a named third party when the life tenant dies, also known as a vested remainder interest
Fee simple determinable
An estate that may be defeated by failure of a condition determined in the deed whereupon title reverts to the grantor automatically
Life estate
An interest in real property limited to the duration of someone's life, either the grantor or other designated person
Reversionary interest (estate)
An interest retained by the creator of a life estate if no remainderman is named
Fee simple on condition subsequent
If the triggering event occurs the holder must take steps to establish possession of the land
Non freehold estates
Less than freehold. A leasehold estate which a tenant possesses in real property
Estate
Ones legal interest in property either freehold or non freehold