Property Ownership
Which type of lease gives the tenant possession of the property for a fixed period?
AEstate at will
BEstate from period to period
CEstate for years✓ Correct
DHoldover tenancy
Explanation
An estate for years is a leasehold that lasts for a fixed, definite period (one year, three years, etc.). It automatically terminates at the end of the specified period without notice required.
Related Arkansas Property Ownership Questions
- In Arkansas, which type of co-ownership includes the right of survivorship?
- When a co-owner of a tenancy in common wants to sell but the others do not, the dissatisfied co-owner may seek:
- The right of survivorship in joint tenancy means:
- A 'devise' of real property refers to:
- A license is different from an easement because a license is:
- A senior lien has priority over a junior lien. In the event of foreclosure, the proceeds are distributed:
- An easement in gross benefits:
- A property tax lien is an example of what type of lien?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →