Estates and Interests in Land Estates Before 1925 estates were divided into: 1. Estates of freehold – period of time that is fixed, but uncertain, e.g. for life. 2. Estates less than freehold (leasehold estates) – period of time that is fixed and certain, e.g. 99 years. There were three estates of freehold (real property – dispossession = land recoverable):A 1. Fee Simple – now the only legal estate, “fee simple absolute in possession”. The Fee Simple lasted as long as the est...