👉 A leasehold is a legal right to use land that is held by a tenant. It is typically granted by the landlord to an occupant who has agreed to pay rent for use of the property. The tenant can continue using the property after the initial tenancy period, but they are not entitled to permanent ownership rights. Leaseholds are often used in residential properties where tenants may be unable or unwilling to maintain the property themselves and need a more permanent solution. They allow the landlord to retain control
