What type of estate do you have if you currently have the right to occupy a property?

A possessory estate is one where the holder has the right to occupy and use the property. This estate gives the individual physical possession and control over the property, distinguishing it from a non-possessory estate, which typically involves rights such as easements or licenses that do not include direct possession.

In the context of real estate, the term "possessory" indicates that the owner has the current right to possess and use the property. This could refer to various types of ownership interests, including fee simple absolute or leasehold estates, where the right to occupy is a defining characteristic.

The other terms do not refer to the rights to occupy a property directly. Non-possessory estates involve situations where individuals have certain rights in relation to a property, such as access or usage rights, but do not have actual possession. Fee simple absolute denotes a specific type of possessory estate but is a subtype rather than a separate category entirely. Conditional estates involve ownership that is dependent upon certain conditions being met, which also does not directly relate to current rights of occupancy in a straightforward manner.