Ownership
Leasehold Estate for Years
A concise definition for the California Real Estate Exam study guide.
Definition
An estate for years lasts for a definite term and ends automatically at expiration, without a separate notice to terminate. It is a possessory leasehold, not a fee ownership interest.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 1: Real Estate Ownership & Land Use →