What type of estate conveys to a tenant the right to possess a fee owner's real estate?

The correct answer is leasehold estate, as this type of estate grants a tenant the right to possess and occupy real estate owned by another party, commonly known as the fee owner or landlord. In a leasehold estate arrangement, the tenant, often referred to as the lessee, holds a temporary right to use the property according to the terms set out in a lease agreement. This conveys the tenant's rights and obligations while the actual ownership of the property remains with the landlord.

In contrast, a fee simple estate represents full ownership of the property and includes the right to possess, use, and transfer the land without any limitations, except for those imposed by law. Life estates grant rights to use and occupy property for the duration of the life of a specified individual, after which the property will typically revert to the original owner or their heirs. A freehold estate generally refers to ownership of real property for an indefinite duration, but it does not specifically address the tenant’s right to possess property owned by another, which is the core characteristic of a leasehold estate.