A legal right to occupy and use land is called what?

Prepare for the Florida Realtor Sales Associate Exam with interactive quizzes, detailed questions, and insightful explanations. Boost your confidence and ace your test!

The correct choice refers to a leasehold, which is a legal right granted to an individual or entity to occupy and use land for a defined period, typically in exchange for rent or other consideration. A leasehold establishes a tenant's rights to reside in or utilize a property according to the terms agreed upon in a lease agreement.

In contrast, an easement is a different legal right that allows one party to use another party's land for a specific purpose, such as granting access to a pathway or utility line, but does not provide ownership or tenancy rights over the property itself. A license is more of a temporary permission allowing someone to use the property without any lasting interest or rights; it can be revoked at any time, contrasting with the more secure tenancy arrangement afforded by a leasehold. Title, however, refers to the legal ownership of a property rather than the right to occupy or use it.

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