Question: Jane is considering options for securing a place to live, and she's exploring the differences between a life estate and a leasehold. She is offered
Jane is considering options for securing a place to live, and she's exploring the differences between a life estate and a leasehold. She is offered two choices: a life estate and a lease for years. In a life estate, Jane would have the right to live on the property for the duration of her life. On the other hand, a leasehold would grant her the right to occupy the property for a specific term of years. What accurately distinguishes a life estate from a leasehold in this scenario?
A In a life estate, Jane would have full ownership rights in the property.
B A leasehold would grant Jane a lifelong right to occupy the property.
C Both options offer Jane ownership rights.
D In a leasehold, Jane's right to occupy is limited to the specified year term.
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