(4) The estates, interests, and charges which under this section are authorised to subsist or to be conveyed or created at law are (when subsisting or conveyed or created at law) in this Act referred to as � legal estates,� and have the same incidents as legal estates subsisting at the commencement of this Act and the owner of a legal estate is referred to as � an estate owner� and his legal estate is referred to as his estate. (3) All other estates, interests, and charges in or over land take effect as equitable interests. (e) Rights of entry exercisable over or in respect of a legal term of years absolute, or annexed, for any purpose, to a legal rentcharge. F1 and any other similar charge on land which is not created by an instrument (b) A rentcharge in possession issuing out of or charged on land being either perpetual or for a term of years absolute
(a) An easement, right, or privilege in or over land for an interest equivalent to an estate in fee simple absolute in possession or a term of years absolute (2) The only interests or charges in or over land which are capable of subsisting or of being conveyed or created at law are� (a) An estate in fee simple absolute in possession (1) The only estates in land which are capable of subsisting or of being conveyed or created at law are� Part I E+W General Principles as to Legal Estates, Equitable Interests and Powers 1 Legal estates and equitable interests.
