Estate

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An estate is a large area of land in the country which is owned by a person or organization. It usually has a large house on it. It is the modern word for a "mansion".
Estate
Image source: Lillian Farms Country Estate

Estate

In the real estate industry, the term "estate" refers to the ownership interest one has in real property. An estate encompasses the degree, nature and extent of ownership rights.


Estates are typically divided into two groups: freehold estates of indefinite length and leasehold estates for a fixed term.

Estate

1. The ownership interest one has in real property.
2. The property left by a deceased person.
3. A large house with substantial grounds surrounding it, giving the impression of belonging to a wealthy person.

Estate

All the money and property that is left behind at death.
In her will, she left her estate to her two grandsons.
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