Tenancy refers to what kind of interest in land?

• A. An optional license with no ownership
• B. A contractual agreement to purchase real estate
• C. An estate in land created by a lease
• D. A temporary occupancy right

Answer: (C)

Tenancy is an estate in land created by a lease, giving the tenant an actual leasehold interest with exclusive possession for a defined period in return for rent. This is what distinguishes tenancy from other arrangements. A license, for example, is merely permission to use property without granting exclusive possession or an ongoing property interest. A contract to purchase real estate is about committing to buy ownership later, not about holding an ongoing interest in the land. A temporary occupancy right describes a short-term use that lacks the enduring estate a tenancy provides.