69.5k views
4 votes
The landlord (lessor) conveys the exclusive right of possession of a property to the tenant for a limited period of time in exchange for the:

A. Earnest Money.
B. Leasehold Interest.
C. Property Taxes.
D. Closing Costs.

User SkyFox
by
8.1k points

1 Answer

2 votes

Final answer:

The landlord conveys the exclusive right of possession of a property to the tenant for a limited period of time in exchange for a leasehold interest.

Step-by-step explanation:

The subject of this question is Law. In the context of the question, the landlord (lessor) granting the exclusive right of possession of a property to the tenant for a limited period of time is known as a leasehold interest. This means that the tenant has the right to occupy and use the property for the specified lease term.

User Pavel Murygin
by
7.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.