Property Ownership
In South Dakota, a 'leasehold estate' gives the tenant:
APermanent fee simple ownership upon 20 years of tenancy
BThe right to use and possess the property for the duration of the lease term✓ Correct
CThe right to will the property to their heirs
DEqual ownership rights to the landlord
Explanation
A leasehold estate gives the tenant the right to use and possess real property for the lease term. It is a non-freehold estate — the tenant does not have ownership but has possessory rights.
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