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Which of the Following Phrases Explains the Term Lease

Question 14

Multiple Choice

Which of the following phrases explains the term lease?


A) an interest in real property given to a lender as security for the repayment of a loan
B) an interest in real property for a person's lifetime
C) the transfer of the right to use real property for a specified period of time
D) a right to use someone else's land without owning or hiring it

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