Which two types of property interest allow for possession but not ownership?

The correct response highlights leasehold and life estate as the two property interests that confer the right to possess the property without granting ownership.

A leasehold interest is created when a property owner (the lessor) rents or leases the property to another person (the lessee) for a specified period of time. While the lessee possesses and has the right to use the property during the lease term, ownership remains with the lessor. This arrangement underscores a clear distinction between possession and ownership.

Similarly, a life estate is a type of property interest that grants a person (the life tenant) the right to use and benefit from the property during their lifetime. However, the ownership of the property does not belong to the life tenant; it reverts to another party or goes to a remainder beneficiary upon the life tenant's death. This structure also emphasizes the separation between possession and ownership, ensuring that while the life tenant can enjoy the property, they do not hold full ownership rights.

In contrast, the other options involve property interests that either imply ownership rights or do not fit the criteria of allowing possession without ownership. For instance, joint tenancy and community property relate to shared ownership interests, while fee simple represents full ownership rights, including the right to possess, use