Leasehold Estate 101: A Legal Analysis
Leasehold Estate: A Legal Analysis Introduction A leasehold estate represents a fundamental concept in property law, delineating a distinct relationship between a landlord (lessor) and a tenant (lessee). It is a legal interest in land or property that grants the lessee possession and use for a specific term, in exchange for rent or other considerations. Unlike freehold estates, which confer ownership rights in perpetuity, leasehold estates are inherently temporary, governed by agreements that explicitly outline Read more