What provides the holder with certain rights during the period covered by the lease?
A) Leasehold estate.
B) Accession estate.
C) Conversion estate.
D) Administrator's estates.

Question

Quizplus · Accepted Answer

A leasehold estate is the interest and rights granted to the tenant (or lessee) in a lease agreement. It provides the holder with certain rights during the period covered by the lease, such as the right to occupy the property and use it for the purposes specified in the lease. The landlord (or lessor) retains ownership of the property but allows the tenant to possess and use it for a specified period of time in exchange for rent payments.

What Provides the Holder with Certain Rights During the Period