Exam term Reversion A future interest under which possession returns to the grantor when an estate ends. Lessons that use this term Freehold and leasehold estates in land CaliforniaFreehold estates: fee simple and life estates FloridaFreehold and leasehold estates New YorkFreehold estates: fee simple, defeasible fees, life estates, and the bundle of rights TexasLeasehold estates and types of leases Texas