Estates

Definition and stakes

1911 Encyclopædia Britannica, Volume 9… (1911)

“ Estates not of freehold or less than freehold are subdivided into (i.) estates for years (often called estates for a term of years, the instrument creating it being termed a lease or demise, and the estate itself a leasehold interest) ; (ii.) estates at will, that is, where lands or tenements are let by one man to another to have and to hold at the will of the lessor; (iii.) estates at sufferance, where one comes into possession of land under a lawful title, and continues in possession after his title has determined. ”
Source: Wikisource

Portrait of William Blackstone William Blackstone,  Commentaries on the Laws of England (1768)

“ Of FREEHOLD ESTATES, of INHERITANCE.
THE next objects of our disquisitions are the nature and properties of estates. An estate in lands, tenements, and hereditaments, signifies such interest as the tenant hath therein: so that if a man grants all his estate in Dale to A and his heirs, every thing that he can possibly grant shall pass thereby [1] .
”
Source: Wikisource

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