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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Interest in Land that may become possessory. |
Estate |
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Possessory interest, indeterminable duration |
Freehold Estate |
What is it and duration |
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Possessory Interest, limited duration. |
Leasehold Estate |
What is it and duration. Opposite Freehold. |
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The highest most complete form of ownership. Potentially infinite duration. |
Fee Simple Absolute |
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A fee simple estate that carries a qualification so that ownership may revert to the grantor if a specified event occurs or a condition is not met. AKA defeasible fee. |
Qualified Fee |
Defeasible Fee |
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Freehold estate, measured by a lifetime of one or more person. |
Life Estate |
Type of Freehold Estate |
