Estates in Property

Question 1

Freehold Estates

Answer 1

1. Fee Simple
2. Qualified Fee
3. Life
4. Remainder
5. Reversion
6. Statutory

Question 2

Fee Simple Estate

Answer 2

also known as a Fee, Fee simple, fee simple absolute, is the highest and most complete type of ownership of land that is possible

Question 3

Qualified Fee Estate

Answer 3

also referred to as a Fee simple defeasible, defeasible fee, Is a fee simple estate that has certain qualifications or limits.

Question 4

Life Estate

Answer 4

is a fee simple estate that is conveyed to a person for the duration of someone’s life

Question 5

Pur Autre Vie

Answer 5

For another’s life

Question 6

Remainder Estate

Answer 6

is a future interest in real estate created at the same time and by the same instrument as another estate.

Question 7

Reversion Estate

Answer 7

is the estate that is left, or that reverts, to the grantor after a grantor has conveyed a lesser estate (less than a fee interest) to someone else Grantee

Question 8

Statutory Estate

Answer 8

is an estate that is created by law ( the enactment of legislation)

Question 9

Leasehold Estates

Answer 9

or non-freehold estate, for a definite duration and does not involve ownership

Question 10

Leasehold Estates Classifications

Answer 10

1. Estate (Tenancy) for years
2. Estate (Tenancy) from year to year
3. Estate (Tenancy) at will
   4 Estate (Tenancy) at sufferance

Question 11

Estate for years

Answer 11

a lease that has a definite beginning and a definite end date.

Question 12

Estate from year to year

Answer 12

(periodic Estate) is any tenancy or lease that runs for a indefinite number of time periods

Question 13

Estate at Will

Answer 13

a tenant is in lawful possession of real estate with no definite time specified as to when he will vacate and no particular recurring period is specified. Month to month.

Question 14

Estate at Sufferance

Answer 14

a tenant occupies real estate after his lawful rights have run out