Baronets of the United Kingdom are a rank of hereditary honor, created by the British monarch. This title is below a baron but above a knight, and it is typically conferred for services to the nation. Baronets are addressed as "Sir" and can pass the title to their male heirs. The title of baronet was first established in 1611 by King James I. Unlike peerages, baronets do not sit in the House of Lords and do not have a seat in Parliament. The title is often associated with land ownership and social status within the British aristocracy.