Which term describes the return of possession and enjoyment rights to the lessor after a lease ends?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that accurately describes the return of possession and enjoyment rights to the lessor after a lease ends is "reversionary right." This concept is central to landlord-tenant relationships, where, upon expiration of a lease, the lessee must vacate the property, reverting possession back to the lessor. This right allows the lessor to regain control and use of the property, which is a fundamental principle of real estate leasing agreements.

In lease agreements, the reversionary right is essential because it underscores the temporary nature of the tenant's enjoyment of the property. The lessor retains ownership and the right to reclaim the property once the lease term concludes, ensuring that the lessor maintains ultimate authority and can enter into new leasing arrangements as necessary.

Other terms in the options relate to different legal concepts. For instance, "right of survivorship" pertains to property ownership after the death of a co-owner, while "right of first refusal" refers to an opportunity for an existing tenant or party to purchase a property before the owner offers it to others. "Right-of-way" pertains to the legal right to pass through someone else's property. Understanding these distinctions is crucial for navigating property rights and landlord-tenant relationships effectively.

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