Which type of property interest gives the holder the right to use land for a specific period without owning the freehold title?
Correct Answer
B) Leasehold estate
A leasehold estate grants the right to exclusive possession and use of land for a specified period under the terms of a lease agreement. Unlike freehold (fee simple), the lessee does not own the land but has significant rights during the lease term, after which the property reverts to the lessor.
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