What does leasehold ownership grant?

Leasehold ownership grants the right to occupy a property for a specific period of time. This type of ownership allows a lessee, or tenant, to use and enjoy the property according to the terms set forth in the lease agreement. Leasehold agreements can vary in duration, typically ranging from a few months to several years, after which the rights to occupy the property revert back to the landlord or property owner.

This arrangement differs significantly from ownership where one has permanent rights, such as fee simple ownership, which involves complete control of the property. Inherits and management rights pertain to different ownership scenarios and do not apply within the context of a leasehold, which is strictly about occupancy for a limited term. Leasehold does not imply ownership of the property itself, but rather the right to use it, making option B the correct answer.