Consider the following statements regarding the nature of the landlord-tenant relationship. Indicate the true one.
A) An oral lease is never enforceable.
B) A leasehold is one kind of interest less than an estate.
C) A characteristic shared by leaseholds and life estates is that they both grant to the holder the right of exclusive possession.
D) Leases are only available in residential tenancies.
E) The term of a lease must be for a definite period of time.

Question

Quizplus · Accepted Answer

Both leaseholds and life estates grant the holder the right of exclusive possession, meaning they have the right to occupy and use the property without interference from others. 
Option A is false as oral leases can be enforceable in certain circumstances. 
Option B is false as a leasehold is a type of estate. 
Option D is false as leases are available in both residential and commercial tenancies. 
Option E is false as leases can be for a definite or indefinite period of time.

Consider the Following Statements Regarding the Nature of the Landlord-Tenant