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Last updated 2026-08-01

California Department of Real Estate

Updated 2026-08-01

ESTATE — As applied to real estate, the term signifies the quantity of interest, share, right, equity, of which riches or fortune may consist in real property. The degree, quantity, nature and extent of interest which a person has in real property. inheritance, except estates for life. ESTATE FOR LIFE — A possessory, freehold estate in land held by a person only for the duration of his or her life or the life or lives of another. ESTATE FROM PERIOD TO PERIOD — An interest in land where there is no definite termination date but the rental period is fixed at a certain sum per week, month, or year. Also called a periodic tenancy.

California Department of Real Estate Glossary

California Department of Real Estate · p. 13

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