Property Ownership
A 'leasehold estate' in Arizona gives the tenant:
AFee simple ownership of the property
BThe right to possess and use the property for the duration of the lease but not ownership✓ Correct
CA perpetual right to use the property
DAn equity interest in the property
Explanation
A leasehold estate grants the tenant the right to possess and use the property for the lease term, without ownership. The landlord retains the fee interest (the leased fee estate).
Related Arizona Property Ownership Questions
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