Which type of estate includes the right to occupy a property without complete ownership?

A leasehold estate refers to an interest in real property where an individual has the right to occupy and use the property but does not hold full ownership. This type of estate is established through a lease agreement between a landlord and a tenant. The tenant has rights defined by the lease for a specified duration, which can range from a few months to many years, depending on the terms agreed upon.

In contrast, a fee simple estate represents full ownership of property, including the rights to use, sell, or lease it without any time limitations. A freehold estate encompasses ownership of the land, but it typically implies a longer duration and an element of ownership as well. Lastly, a condominium estate is a form of ownership where individuals own individual units within a larger property, but this still includes full ownership rights of the unit, differing significantly from the temporary rights associated with a leasehold estate.