Which of the following is typically NOT a feature of a leasehold estate?

A leasehold estate is a type of property interest where a tenant is granted the right to occupy and use a property owned by another party, typically for a specified period of time. This arrangement provides several key features.

One of the defining characteristics of a leasehold estate is that it is established for a defined time period, which creates a clear understanding of the length of tenancy. Additionally, tenants have the right to occupy the property, allowing them to use it according to the terms of the lease. Furthermore, many leasehold agreements include a possibility of renewal, allowing tenants the option to extend their occupancy under certain conditions.

However, the transfer of ownership is not a feature of a leasehold estate. Instead, ownership remains with the landlord or property owner throughout the duration of the lease. The tenant holds a leasehold interest, which grants them specific rights related to their use of the property, but it does not confer ownership rights. Thus, recognizing that a leasehold estate does not involve the transfer of ownership helps to clarify the nature of this type of property arrangement.