leasehold tenure

**Leasehold Tenure**

Leasehold tenure refers to a type of property ownership where an individual or entity holds the right to occupy and use a property for a specified period under a lease agreement with the freeholder or landlord. Unlike freehold ownership, leaseholders do not own the land outright but have the legal right to use the property for the lease term, which can range from several years to decades. At the end of the lease, ownership reverts to the freeholder unless the lease is extended. This concept is common in residential and commercial real estate, and understanding leasehold tenure is crucial for buyers, investors, and tenants navigating property laws and rights.