Alabama Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Master your Alabama real estate exam with our comprehensive practice test. Tailored feedback, expert tips, and up-to-date questions to ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the landlord's interest in a property that is leased called?

Leasehold
Fee Simple
Leased Fee
Qualified Fee

The correct answer is: Leased Fee

The landlord's interest in a leased property is called a "leased fee." This means that the landlord owns the property, but has a lease agreement with a tenant allowing them to occupy and use the property for a set amount of time. Option A, leasehold, refers to the tenant's interest in the leased property, not the landlord's. Option B, fee simple, refers to full ownership of a property without any lease agreements. Option D, qualified fee, is not a commonly used term and therefore may not accurately describe the landlord's interest in a leased property.