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zhannawk [14.2K]
1 year ago
10

A person leases a property and would like to build a house on the leased land. the tenant's rights would be:_______

Social Studies
1 answer:
Nikitich [7]1 year ago
4 0

A person leases a property and would like to build a house on the leased land. the tenant's rights would be leasehold.

In a leasehold arrangement, one party purchases the right to occupy land or a building for a predetermined period of time. Leasehold real estate can be bought and sold on the open market since a lease is a legal estate. Thus, a leasehold differs from a freehold or fee simple, where property ownership is acquired outright and afterwards retained for an indefinite amount of time, as well as from a tenancy, when a property is let (rented) on an irregular basis, such as weekly or monthly.

A person leases a property and would like to build a house on the leased land. The tenant's rights would be:

A. Fee simple

B. First right of refusal

C. Option to buy

D. Leasehold

Learn more about leasehold here:

brainly.com/question/14339833

#SPJ4

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