ĭefeasible Fee Estate is a type of property ownership in which the grant of title or duration of ownership is dependent on a specified condition. The three Fee estates are įee Simple Estate is absolute ownership of real property owner is entitled to the entire property with unconditional power of disposition during the owner’s life, and upon death the property descends to the owners designated heirs. Most Estates of Inheritance are “fee estates,” which may be inherited by the heirs of the owner or in the order specified in the will or by law.

These Freehold estates are either (THIS IS IMPORTANTà) ESTATES OF INHERITANCE or ESTATES NOT OF INHERITANCE.Įstates of Inheritance may continue beyond the life of the holder to the heirs upon the holder’s death. This blog will address Freehold Estates.Īny interest in real property that lasts for at least a lifetime is classified as a Freehold estate.

Under English common law, there are two categories of estates Freehold Estate and Nonfreehold Estates. An “estate” in real property bestows more rights than does a mere “interest” in real property.Ī person who has an estate in real property has the right to possess the property, whereas a person who only has an interest in property, such as an easement, has the right to use the property but not to possess or own it. Freehold Estates – Critical Content You MUST KnowĪn estate is the present or future degree, nature and extent of INTEREST that a person has in real property.

Fee simple absolute