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