Question

Jack owns a leasehold interest in a property whose owners or tenants agree to use the property on a periodic non overlapping basis with what type of property does jack have this leasehold interest?

A) Commercial property
B) Industrial property
C) Residential property
D) Agricultural property.

Answer 1

Jack has a leasehold interest in a residential property.

Step-by-step explanation:

Jack has a leasehold interest in a residential property.

Leasehold interest refers to the right to use and occupy a property for a specific period of time, usually by renting or leasing it from the owner. In this case, the property owners or tenants agree to use the property on a periodic non-overlapping basis. Residential properties are commonly rented or leased out to individuals or families for residential purposes.