Leasehold Estate

Leasehold Estate - A Leasehold is an estate in real property where a lessee is granted the exclusive right to occupy and use a property for a predetermined period, typically in exchange for rent or other consideration. Unlike fee simple ownership, leasehold interests are temporary and revert back to the lessor at the end of the lease term

Class Information

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Leasehold Estate
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Definition and Examples

Definition
A Leasehold is an estate in real property where a lessee is granted the exclusive right to occupy and use a property for a predetermined period, typically in exchange for rent or other consideration. Unlike fee simple ownership, leasehold interests are temporary and revert back to the lessor at the end of the lease term
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