Question

In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limited and specific purpose.

a. a private restiriction
b. a fee sample
c. a leasehold
d. a license

Answer 1

a leasehold

Step-by-step explanation:

Leasehold relates to an accounting phrase for a rented resource. Usually the asset is estate such as a house or storage within a building. The lessee buyouts with the property owner in return for a sequence of planned payouts throughout the lease term, for the lawful right to utilize the estate.

Once a lease agreement is signed, to a degree permitted by the deal, the purchaser or tenant starts to construct the accommodation for its activities. In commercial real estate, leaseholds are much more popular whereby supermarkets as well as other facilities can be constructed on the ground but often occur in housing uses, such as homes and condos.