What is a key characteristic of a leasehold estate?

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A leasehold estate is indeed characterized by being created through an express agreement between the landlord and the tenant. This agreement defines the terms under which the property is leased, including the duration of the lease and the responsibilities of both parties. The express nature of the agreement is essential because it distinguishes a leasehold estate from other forms of property interests, such as freehold estates, which involve outright ownership.

In a leasehold estate, the tenant obtains the right to use and occupy the property for a specified period as agreed upon in the lease. This could range from short-term agreements, like month-to-month leases, to long-term leases that could last several years. The requirement for a clear and explicit agreement is what solidifies the legal rights and obligations both parties have throughout the rental period.

The other options do not accurately characterize a leasehold estate. For instance, it does not last indefinitely as it is inherently time-bound according to the lease terms. Additionally, leasehold estates typically cannot be inherited; they are personal rights granted to the tenant under the lease and do not transfer automatically upon the tenant's death. Finally, while tenants do have certain rights to use the property, they do not hold ownership rights, as ownership remains with the landlord throughout the duration of

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