Interest in real property held by a tenant is called:
A) freehold estate
B) fee estate
C) rental estate
D) less-than-freehold estate

Question

Quizplus · Accepted Answer

Interest in real property held by a tenant is considered a less-than-freehold estate. This is because the tenant does not own the property outright or in fee simple, but rather has only a limited, temporary right to occupy and use the property under the terms of a lease or rental agreement. Freehold estates (A) refer to ownership of a property for an indefinite period of time, such as in a fee simple or life estate. Fee estate (B) is another term for fee simple, which is a type of freehold estate. Rental estate (C) is not a commonly used term and does not specifically refer to the interest held by a tenant in real property.

Interest in Real Property Held by a Tenant Is Called