Leasehold Estate

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A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property..A leasehold estate grants a tenant exclusive rights to use an owner 's property for a certain period of time. Sometimes, although not always, leasehold estates are enforced by lease agreements, or contracts, that include specific terms and conditions for the tenant 's use of a property and the landlord 's obligations..Leasehold estate defined and explained with examples. A lease in which the renter has the right to possess the property for a specific extended period of time..