Ace the Ontario Mortgage Agent Exam 2026 – Unlock Your Future in Finance!

A leasehold estate is a type of interest in land that is created by a landlord and tenant, where the tenant has the right to possess and use the property for a specific period of time as outlined in the lease agreement. Option B, a security against a property, refers to a lien which is a type of encumbrance against the property and not a type of estate. Option C, co-ownership of real property, refers to a joint tenancy or tenancy in common where two or more parties share ownership of the property. Option D, a restriction of use placed on the servient tenement, refers to an easement which is a right of use over someone else's land and not a type of estate. Therefore, the correct answer is A.