The interest transferred in a lease is
A) less than a conveyance in fee simple, but more than a licence or easement.
B) less than either a conveyance in fee simple or licence but more than an easement.
C) less than all three.
D) more than all three.

Question

Quizplus · Accepted Answer

The interest transferred in a lease is less than a conveyance in fee simple because it is a temporary right to hold or use property, but it is more than a licence or easement because it grants exclusive possession of the property for the lease term, unlike a licence which is merely a permission to use property without granting any estate in the land, and unlike an easement which is a limited right to use someone else's land for a specific purpose.

The Interest Transferred in a Lease Is