Which term refers to property rights remaining with the landlord after leasing?

Prepare for the California State BOE Appraiser Exam. Study with flashcards, multiple choice questions, and explanations. Master key concepts and get exam ready!

The term that refers to property rights remaining with the landlord after leasing is the leasehold estate. In a leasehold estate, the landlord (or lessor) retains ownership of the property, while the tenant (or lessee) acquires the right to use and occupy it for a specified period under the terms of the lease agreement. This arrangement allows the tenant certain rights to possess the property, but it does not transfer ownership; the landlord still holds title to the property and any inherent rights associated with that ownership.

In contrast, a fee simple estate represents full and absolute ownership of a property, where the owner has the right to use, sell, or transfer the property without any limitations. A fixture refers to an item that is permanently attached to the property and is considered part of the real estate, but it does not pertain to the concept of property rights retained by the landlord. Ownership itself is a broad term encompassing all types of property rights and does not specifically indicate those rights that remain with the landlord after a lease is established. Therefore, leasehold estate is the most precise term for the scenario described.

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