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 areâ (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 areâ ![]() Part I E+W General Principles as to Legal Estates, Equitable Interests and Powers 1 Legal estates and equitable interests.
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