Property Ownership
In Delaware, which of the following best describes a 'leasehold' estate?
AOwnership of land in fee simple
BA possessory interest in real property held by a tenant under a lease✓ Correct
CA mortgage lien against a property
DAn ownership interest held in trust
Explanation
A leasehold estate is a possessory but not ownership interest in real property. The tenant holds the right to possess and use the property for the lease term, but title remains with the landlord.
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