Answer:
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.
Explanation:
A leasehold property is a possession of a brief proper to preserve land or belongings wherein a lessee or a tenant holds rights of actual belongings with the aid of using a few documents of identity from a lessor or landlord.
A Leasehold Property is one that may be leased from its proprietor for a length of ninety-nine years or much less in sure cases.
Buying this kind of belongings offers the proprietor the proper to the house for a long-time period however now no longer in the land that it's far constructed on.
Thus, Except USA and Australia, England and Wales are the handiest international locations of the sector adhering to this feudal system style tenure.
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