Emily owns a property in fee simple and decides to convey the property to Daniel for his lifetime, after which the property will revert to her. What type of present estate does Daniel hold?
Leasehold estate
Fee tail
Life estate
Tenancy by the entirety
Daniel holds a life estate, which grants him possession and use of the property for the duration of his life, after which it reverts to Emily. A leasehold estate involves a landlord-tenant relationship, tenancy by the entirety pertains to joint ownership between spouses, and a fee tail is a type of defeasible fee not applicable in this scenario.
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