Which of the following statements best describes a leasehold estate?

A leasehold estate is fundamentally characterized by the temporary right to occupy and use property, as governed by the terms of a lease agreement between the lessor (the property owner) and the lessee (the tenant). This arrangement does not entail ownership rights in the property itself; instead, it grants the lessee the right to use the property for a specified duration, which can vary depending on the lease terms.

This concept is rooted in the notion that while the lessee has the right to possess and use the property during the lease term, they do so without transferring ownership. At the end of the lease period, the rights revert back to the lessor, highlighting the temporary nature of the leasehold estate. Thus, the emphasis on the right to occupy the property, rather than ownership or permanent control, captures the essence of what a leasehold estate is.

It's important to recognize that this clarification delineates why the other options do not accurately describe a leasehold estate. For example, ownership rights belong exclusively to the lessor in a typical lease scenario, which contrasts with the temporary right established for the lessee. Additionally, the nature of a leasehold estate does not guarantee full control to the lessor, as the lessee is granted specific