Less than freehold estate example

Which of the following is an example of a less-than-freehold estate?

  1. fee simple defeasible
  2. fee simple absolute
  3.  leasehold estate
  4.  life estate

The answer is C. Real property estates fall into 2 broad classifications: freehold estates and less than freehold estates.

What’s the difference between the two? If you have a freehold estate then it means that you have some ownership interest in the estate. Anything that is “less than freehold” means you have no ownership interest in the estate – like if you rent  a property or have a lease for a property. So, leasehold estate is the answer, because it implies a lease on the property.