Property Ownership
In Colorado, a 'leasehold estate' gives the tenant:
AFee simple ownership of the property
BThe right to occupy and use the property for a specified period per the lease✓ Correct
CThe right to mortgage the property
DPermanent rights equivalent to fee simple ownership
Explanation
A leasehold estate gives the tenant (lessee) the right to occupy and use the property for a specified period as defined by the lease. The landlord (lessor) retains fee simple ownership (the leased fee estate).
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