What type of estate automatically terminates and is inheritable?

A leasehold estate is a type of estate that provides the tenant with the right to occupy and use a property for a specified period, as defined in the lease agreement. It is characterized by its fixed duration, which can range from days to years, and it automatically terminates when that set period expires. Unlike other estates, leasehold estates are not typically inheritable because they are bound by the terms of the lease, which often specifies obligations and rights that do not extend beyond the duration of the lease.

In contrast, a life estate is designed to last for the life of a particular individual and can create a situation where property rights revert to another party upon the death of that person. Although a fee simple subject to a condition may terminate under specific circumstances, it does not inherently provide for an automatic termination based on time. Thus, the nature of a leasehold estate is what makes it appropriate in this context regarding automatic termination, but it does not allow for inheritance like a life estate would.

Therefore, while leasehold estates automatically terminate, they do not confer inheritable rights—making this selection misaligned with the criteria posed by the question.