A "lease" is a type of agreement where someone is allowed to use a property for a certain period of time. It does not give the tenant ownership of the property, which is called a "freehold estate". If someone is occupying a property without permission, this is not considered a lease, but an "estate at sufferance". A "remainder in interest" is a future interest in a property that will become a freehold estate when ownership of the property is transferred.
These are questions that the above text answers:
1. What is a lease?
2. What is a freehold estate?
3. What is an estate at sufferance?
4. What is a remainder in interest?
5. How does a lease differ from ownership of a property?
6. What happens when ownership of a property is transferred?
7. What is the purpose of a lease agreement?
8. What is the difference between a lease and an estate at sufferance?
9. What is the future interest in a property called?