Property Ownership
A leasehold estate gives the tenant the right to:
AOwn the property permanently
BPossess and use the property for a specific period under the terms of the lease✓ Correct
CSell the property to a third party
DRefinance the property without the owner's consent
Explanation
A leasehold estate grants the tenant the right to possess and use the property for the duration of the lease term, but not ownership. The landlord retains the fee simple interest.
Related Nebraska Property Ownership Questions
- A Nebraska property subject to a deed restriction prohibiting commercial use may still be used for a home-based business if:
- In Nebraska, property transferred through intestate succession (without a will) is distributed according to:
- Nebraska's Electronic Recording Act allows:
- A Nebraska property owner conveys a parcel using a quitclaim deed. The grantee receives:
- A homestead exemption in Nebraska primarily provides:
- A Nebraska property was abandoned by its owner and the owner died without heirs. The property passes to the state under the doctrine of:
- A deed restriction (restrictive covenant) in Nebraska:
- A property in Nebraska that is held in joint tenancy can be converted to tenancy in common by:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →