Which estate grants rights of possession without transferring ownership to the tenant?

A leasehold estate is specifically designed to grant the tenant rights of possession and use of a property for a specified period while retaining ownership with the landlord. In this arrangement, the tenant does not own the property but has the right to occupy and utilize it according to the terms of the lease agreement.

This structure allows the landlord to maintain their ownership interest in the property while granting the tenant certain rights to use and enjoy the property without relinquishing ownership. The tenant's rights are defined and limited by the lease terms, which can stipulate duration, rent, responsibilities for maintenance, and use restrictions.

The other options refer to different property interests that either involve ownership rights or specific contractual agreements that do not align with the concept of a leasehold, where the primary focus is on possession without ownership transfer.