Can an estate exist simultaneously with another estate in the same property?

An estate can indeed exist simultaneously with another estate in the same property, which is why the assertion that multiple estates can coexist is accurate. This scenario is not uncommon in real estate; various interests can be held in the same property by different parties. For example, a leasehold estate and a fee simple estate can coexist. The owner of a fee simple estate may lease the property to a tenant, thus creating a leasehold estate for the duration of the lease. Both the landlord and the tenant have rights to the property, but those rights are distinct and recognized under the law.

The legal framework allows for different types of ownership and rights that can exist side by side in the same property. This accommodation provides flexibility in property use and can serve various interests and agreements amongst parties, which is integral to the functionality of real estate transactions and property management.