Estate

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An Estate is the degree, quantity, nature, and extent of ownership a person (or entity) has in real estate.  To be an estate, ownership is (or may become) possessory with ownership measured in terms of its duration

 

An estate can be longer than, shorter than, or equal to one's lifetime.
An estate is possessory.  The right to use real estate is not an estate.

 

Related Topics

 

Fee Simple

Life Estate

Freehold Estate

Leased Fee

Leasehold Estate

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