Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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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.