Which of the following is true regarding Leasehold Estates?

Leasehold estates are indeed classified as non-freehold estates. This classification distinguishes them from freehold estates, which represent complete ownership of real property for an indefinite duration. Leasehold estates, on the other hand, involve the leasing of property and represent a tenant's right to occupy and use a property, but this right is limited in duration, typically governed by the lease agreement.

In a leasehold estate, the landlord retains ownership of the property, while the tenant has the right to use it for a specified period under agreed-upon conditions. This structure highlights the key characteristic of leasehold estates as temporary and contingent upon the terms established in the lease.

The other options are not accurate in describing leasehold estates. They do not represent the most prestigious type of estate; rather, they are often viewed as less secure than freehold estates due to their temporary nature. While leasehold estates have historical roots, the characterization as having originated from land grants to serfs does not accurately reflect the legal framework applicable today. Additionally, leasehold estates do not provide complete ownership of property, as the landlord retains that ownership while the tenant only has rights to use the property within the terms of the lease.