How does Maryland law define a "leasehold estate"?

The definition of a "leasehold estate" under Maryland law focuses on the relationship between the landlord and the tenant. It represents an interest in real estate that permits the tenant to occupy and use the property for a predetermined duration, as stated in the lease agreement. This arrangement typically involves the tenant paying rent to the landlord for access to the property during the lease term. Leasehold estates are distinct from ownership interests, as they do not confer ownership of the property itself but rather a right to use and enjoy the property.

The other options do not accurately describe a leasehold estate. An ownership interest in a property for a lifetime refers to a life estate, which is significantly different from a leasehold arrangement. A right to sell property indicates ownership, whereas a leasehold does not give the tenant the right to sell the property since they do not own it. A temporary ownership stake is misleading because leasehold estates are not ownership stakes; they are rights to use the property for a limited time as agreed upon in the lease. Therefore, the option correctly capturing the essence of a leasehold estate is the one that states it is an interest allowing the tenant to occupy and use the property for a specified time.