What is a Leasehold?
Answer:
A leasehold is an ownership of land held by a landlord or lessor.

A leasehold is a tenure in which an individual buys the right to occupy a property for a given length of time. 
The property can be bought and sold on the open market, and the occupancy length is usually in years or centuries.

There are multiple types of leaseholds, but the three most common are Lease for Years, Tenancy at Will, or Periodic Lease. 
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