Which statement is true about the term of years absolute?

• A. It is a leasehold estate with fixed duration.
• B. It is a life estate.
• C. It automatically renews yearly.
• D. It requires a joint tenancy.

Answer: (A)

Term of years absolute describes a leasehold interest with a definite start and end date. It runs for a fixed period and ends when that period expires, unless the lease specifically provides for renewal or extension. This is different from a life estate, which is tied to the life of a person, and from a tenancy that renews automatically year by year. It also isn’t about joint ownership, which is about how property is owned, not the type of leasehold. So the true statement is that it is a leasehold estate with fixed duration.