A right to possession or ownership, or both, of property.

• A. Tenancy
• B. Bailment
• C. Fee simple estate
• D. Life estate

Answer: (A)

In property law, distinguishing possession-based interests from ownership-based interests is key. A tenancy is a leasehold that gives the holder the right to possess someone else’s property for a specified period, while the owner retains title. The primary attribute here is having the right to possess the property, rather than owning it outright, which is why tenancy best matches the description of a right to possession (or ownership in some broader senses) of property.

Bailment involves temporary possession without transfer of ownership. A fee simple estate is full ownership with the right to possess, use, and transfer the property, not just a possession right under a lease. A life estate offers possession for the life of a person but is still an ownership interest with a limited duration, not the typical leasehold the term implies.