Property OwnershipIntermediateDelaware Exam
What type of ownership interest does a lessee (tenant) have in a Delaware property?
AA freehold estate
BA leasehold estateCorrect
CA fee simple estate
DA life estate
Why A leasehold estate Is Correct
Answer B: A leasehold estate
A lessee (tenant) holds a leasehold estate — a possessory but not ownership interest in the property for the duration of the lease. Leasehold estates are less-than-freehold estates.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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