Property Ownership
The landlord's interest (ownership) retained when creating a leasehold is called the:
AReversionary interest✓ Correct
BRemainderman interest
CLeasehold estate
DEquitable title
Explanation
When a landlord creates a leasehold by leasing property, they retain a reversionary interest — the right to have possession revert to them when the lease expires.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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