The Lease Is a Contract Between a Property Owner and Tenant

question 26

Multiple Choice

The lease is a contract between a property owner and tenant that transfers exclusive use and possession of space to the tenant, but allows the owner to retake possession of the property at the expiration of the lease. Which type of interest allows the owner to retake possession at the end of a lease?

• A) Remainder interest
• B) Reversion interest
• C) Spousal interest
• D) Co-ownership interest

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Definitions:

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