Estate (Property Interest)

Definition: The nature, extent, or duration of a person's interest in property, such as a fee simple estate or a life estate.

Example

A grantee receives a life estate that lasts for the measuring person's lifetime.

Keep the distinction clear

An estate in land describes an ownership or possessory interest. A deceased person's estate instead refers to property and obligations handled in the succession context.

Related terms

Fee Simple Estate · Life Estate · Leasehold Estate

Keep studying

Freehold vs. Leasehold Estates: How to Tell Them Apart

References: California DRE: real estate glossary

Pronunciation (US): ih-STAYT (capitals show stress)

Pronunciation reference: Merriam-Webster