Property Ownership
A leasehold estate gives the tenant:
AFee simple ownership of the property
BThe right to possession for a defined period without ownership✓ Correct
CAn option to purchase the property
DOwnership rights that can be passed to heirs
Explanation
A leasehold estate is a possessory interest that gives the tenant (lessee) the right to use and possess the property for a specific period, as defined in the lease agreement, without conveying ownership.
Related California Property Ownership Questions
- Which of the following describes 'constructive notice' in real property?
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- Under California law, when spouses hold title as joint tenants and one spouse dies, the surviving spouse:
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- What is 'escheat'?
- Which type of deed provides the GREATEST protection to the grantee by warranting title against all claims, both during and before the grantor's ownership?
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