Which term describes an interest that gives a tenant the right to possess for a limited time?

Which term describes an interest that gives a tenant the right to possess for a limited time?

• A. Life Estate Pur Autre Vie
• B. Estoppel
• C. Codicil
• D. Leashold Estate

Answer: (D)

The key idea is a tenant’s right to possess property for a defined period under an agreement with the landlord. That type of interest is a leasehold estate. It gives the holder the right to occupy and use the property for a set term, but it is not ownership—the landlord retains title and certain rights, and the tenant’s possession ends when the term expires or is terminated per the lease. Life Estate Pur Autre Vie describes an ownership interest that lasts for the life of someone else, ending at that person’s death, not merely a fixed-term tenancy. Estoppel is a legal principle preventing someone from contradicting a prior claim or action. A codicil is an amendment to a will. These describe different concepts, not the tenant’s right to possess for a limited time.

The key idea is a tenant’s right to possess property for a defined period under an agreement with the landlord. That type of interest is a leasehold estate. It gives the holder the right to occupy and use the property for a set term, but it is not ownership—the landlord retains title and certain rights, and the tenant’s possession ends when the term expires or is terminated per the lease.

Life Estate Pur Autre Vie describes an ownership interest that lasts for the life of someone else, ending at that person’s death, not merely a fixed-term tenancy. Estoppel is a legal principle preventing someone from contradicting a prior claim or action. A codicil is an amendment to a will. These describe different concepts, not the tenant’s right to possess for a limited time.