What is an estate of unlimited duration, such as a fee simple or life estate?

A freehold estate is an estate of unlimited duration, meaning it can last indefinitely and is not bound by a fixed term. This type of estate gives the owner significant rights to the property, including the ability to use, sell, lease, or will it to heirs.

In California, a fee simple estate, which is the most complete form of ownership, represents a freehold estate that is subject only to limitations imposed by law (like zoning ordinances) or those specified in the deed. A life estate is also considered a freehold estate but is limited to the duration of a specific individual's life, after which the estate reverts to another party; however, it does not have the unlimited duration characteristic of a fee simple estate.

Leasehold estates and tenancies at will are not freehold estates because they are temporary and do not grant the same level of permanence or ownership rights. Instead, they are rights to occupy or use property for a limited time under specific conditions. Therefore, recognizing the definition and characteristics of freehold estates helps clarify why the answer is correct.