Property Ownership
A 'leasehold estate' is best described as:
AThe landlord's interest in the property
BThe tenant's right to possess and use property for a defined term under a lease✓ Correct
CA life estate held by a tenant
DA perpetual rental agreement
Explanation
A leasehold estate is the tenant's interest in real property — the right to possess and use the property for the agreed lease term. It is a possessory but not ownership interest.
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