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session were going to go over leases now the state exam has a lot of questions on residential leases and a few on commercial so lets start on residential leases we first need to make a distinction between a few types of estates that fall under lease hold this days so if you remember freehold estates were ownership of real property leasehold estate its an interest in real property but not ownership right when you have a least you have an interest in real property of a contractual right to physically possess it the right of possession although you dont own it so under leasehold estates the first type I want you to know is estate for years now the estate for years any type of question to get me on that I want you to know that its for fixed time so if you lease a property for four months its still an estate for years if you lease a property for six years its still in the state four years what makes an estate four years and its a fixed time a fixed amount of time meaning theres a
