Which term describes the right of a lessee to occupy and use the leased property?

The term that describes the right of a lessee to occupy and use the leased property is "leasehold." A leasehold is a legal interest in real property that is granted to a tenant (lessee) by a landlord (lessor) under a lease agreement. This allows the tenant to possess and use the property for a specified period according to the terms outlined in the lease.

In a leasehold arrangement, the lessee does not own the property but has the right to use it and derive benefits from it during the lease term. This right is typically defined by the lease contract, which states the conditions of occupancy, duration, and any other restrictions or provisions.

Other terms may relate to property rights as well, but they do not specifically encompass the right of a lessee like leasehold does. Reversion, for instance, refers to the landlord's right to regain possession of the property after the lease term expires. Tenancy generally refers to the legal relationship between the landlord and tenant, while easement describes the right to use someone else's land for a specific purpose, which does not equate to the full rights of occupancy that a leasehold provides.