A landlord who sells his property transfers the __________ interest in the leased premises to the buyer.

Question

Quizplus · Accepted Answer

When a landlord sells his property, he transfers the reversionary interest in the leased premises to the buyer. This means that the buyer will become the new landlord and will have the right to receive rental income from the tenant until the lease ends. The reversionary interest is the right to regain possession and control of the property at the end of the lease term.

A Landlord Who Sells His Property Transfers the __________ Interest