Property Ownership
Which of the following best describes a leasehold estate?
AOwnership in fee simple
BA temporary right to occupy property under a lease✓ Correct
COwnership subject to a life estate
DA permanent easement for access
Explanation
A leasehold estate is a less-than-freehold estate granting the tenant the right to possess and use property for a specific term under a lease agreement. The landlord retains ownership — the leased fee interest.
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