Rural Holding Company (RHC)possesses farmland.RHC has the right to use the property,including harvesting the crops,for ten years.RHC does not have the right to extract the coal under the land.This is

Question

Rural Holding Company (RHC)possesses farmland.RHC has the right to use the property,including harvesting the crops,for ten years.RHC does not have the right to extract the coal under the land.This is​

Quizplus · Accepted Answer

RHC's possession of the farmland for ten years represents a leasehold estate. This is because a leasehold estate is a type of real property ownership where the owner (in this case, the landlord) grants a tenant the right to possess and use the property for a certain period of time, usually in exchange for rent. In this scenario, RHC is the tenant and has been granted the right to use the land for ten years by the landlord (the owner of the property). The fact that RHC does not have the right to extract the coal under the land does not affect the nature of the leasehold estate.

Rural Holding Company (RHC)possesses Farmland