Final answer:
The Fee simple absolute offers the maximum rights in real estate compared to other estate types such as estate at will, estate for years, and month-to-month lease.
Step-by-step explanation:
The estate that offers the maximum rights in real estate is the Fee simple absolute. Fee simple absolute is the highest form of ownership in real estate and provides the owner with complete and unconditional ownership rights. This means that the owner has the right to use, possess, sell, or transfer the property in any way they choose.
In contrast, the other options mentioned in the question have limitations on the rights they offer:
- Estate at will refers to a situation where a tenant occupies a property with the consent of the owner, but without a fixed duration or lease agreement. It offers limited rights and can be terminated by either party at any time.
- Estate for years refers to a lease agreement for a fixed period of time, such as one year. While it provides more rights than an estate at will, the lease ends after the specified duration.
- Month-to-month lease is a type of tenancy that automatically renews every month unless terminated by either the landlord or tenant. It offers more flexibility than an estate for years but still has some limitations.