Property Ownership
An Indiana property owner who grants an agricultural lease to a tenant farmer for 10 years retains which interest?
ANo interest in the property
BThe fee simple interest (reversion) — the tenant has a leasehold, and the owner retains ownership and the right to the property at lease end✓ Correct
CA life estate
DOnly the mineral rights
Explanation
When a property owner leases their land, they retain fee simple ownership (the reversionary interest) — the leasehold is a temporary possessory right granted to the tenant. At lease expiration, full possession returns to the owner.
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