N.Y. Estates, Powers and Trusts Law 6-1.1 – Estates classified
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§ 6-1.1 Estates classified
Terms Used In N.Y. Estates, Powers and Trusts Law 6-1.1
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
(a) Estates in property as to duration are classified as follows:
(1) Fee simple absolute.
(2) Fee on condition.
(3) Fee on limitation.
(4) Estates for life.
(5) Estates for years.
(6) Estates from period to period.
(7) Estates at will.
(8) Estates by sufferance.