Question

Jon intends to build a new convenience store on a property and operate it until he retires in 25 years. Each month he will pay fee to his landlord for the use of the land. At the end of the period he will no longer own either the land or the building. What type of interest does Jon have in the property?

a) Fee Interest

b) Easement

c) Leasehold

d) Syndication

Answer

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