Anestate in land is, in the law of England and Wales, an interest in real property that is or may become possessory.[1][2] It is a type of personal property and encompasses land ownership, rental and other arrangements that give people the right to use land. This is distinct from sovereignty over the land, which includes the right to government and taxation.
This should be distinguished from an "estate" as used in reference to an area of land, and "estate" as used to refer to property in general.
In property law, the rights and interests associated with an estate in land may be conceptually understood as a "bundle of rights" because of the potential for different parties having different interests in the same real property.
life estate—fragmented possession and use for duration of someone's life
fee tail—inalienable rights of inheritance for duration of family line
Leasehold estates: rights of possession and use but not ownership. The lessor (owner/landlord) gives this right to the lessee (tenant). There are four categories of leasehold estates:
estate for years (a term of year absolute or tenancy for years)—lease of any length with specific begin and end date
periodic estate (periodic tenancy)—automatically renewing lease (month to month, week to week)
estate at will (tenancy at will)—leasehold for no fixed time or period. It lasts as long as both parties desire. Termination is bilateral (either party may terminate at any time) or by operation of law.
tenancy at sufferance—created when tenant remains after lease expires and becomes a holdover tenant, converts to holdover tenancy upon landlord acceptance.
Future interests — interests in real or personal property, a gift or trust, or other things in which the privilege of possession or of enjoyment is in the future and not the present
reversions
possibilities of reverter
powers of termination, also known as rights of reentry for condition broken
remainders
executory interests
Incorporeal interests — those that cannot be possessed physically, since they consist of rights of a particular user, or the right to enforce an agreement concerning use
^Gray, Kevin J. This concept does not exist in Scots Law and in most countries not deriving their law from England, where the legal focus is on"real Rights" , that is, rights that can be asserted against the rest of the world, not some individual contracting party.; Gray, Susan Francis (2007). Land Law. Oxford University Press. ISBN978-0-19-921378-8.{{cite book}}: CS1 maint: multiple names: authors list (link)
