Property Ownership (alternative)
In Maryland, what type of property ownership interest does a leasehold represent?
AA freehold estate with full ownership rights
BA non-freehold (less-than-freehold) estate with rights for a specified period✓ Correct
CA fee simple defeasible estate
DA life estate measured by the tenant's life
Explanation
A leasehold is a non-freehold (less-than-freehold) estate giving the tenant exclusive right to use the property for a definite period (or indefinite but terminable period) under a lease agreement.
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