Question

Depending on their duration, leasehold estates are classified as either:

A. Estate for Years.
B. Estate at Will.
C. Estate at Sufferance.
D. All of the above.

Answer 1

Leasehold estates are classified based on their duration, with estate for years, estate at will, and estate at sufferance being the main classifications.

Step-by-step explanation:

Leasehold estates are classified based on their duration. There are three main types of leasehold estates:

1. Estate for Years: This type of leasehold estate has a fixed duration specified in the lease agreement. For example, if a landlord leases a property to a tenant for a period of five years, it is an estate for years.
2. Estate at Will: This type of leasehold estate does not have a fixed duration. It is a month-to-month tenancy where either the landlord or the tenant can terminate the lease at any time by giving notice to the other party.
3. Estate at Sufferance: This type of leasehold estate arises when a tenant continues to occupy the property without the landlord's permission after the lease has expired. It is also known as holdover tenancy.

So the correct answer to your question is D. All of the above, as all three options listed - Estate for Years, Estate at Will, and Estate at Sufferance - are classified based on the duration of the leasehold estate.