Property Ownership
Which of the following real property interests can a tenant under a standard lease transfer to a third party by subletting?
AThe fee simple title to the property
BTheir leasehold interest (right to possession) for a portion of the remaining term✓ Correct
CThe landlord's reversionary interest
DThe right to modify the property without landlord consent
Explanation
A tenant may sublet (transfer their leasehold interest or a portion of it) to a sublessee, unless prohibited by the lease. The original tenant (sublessor) remains liable to the landlord. The sublessee has rights only against the sublessor.
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