Property Ownership
In Maine, a 'leasehold estate' is best described as:
APermanent ownership of a property
BA tenant's temporary right to possess and use real property under a lease agreement✓ Correct
CA government's right to take property
DA lien on real property
Explanation
A leasehold estate gives the tenant (lessee) the right to possess and use real property for a specified period under the terms of a lease agreement, while the landlord (lessor) retains the fee ownership.
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