<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> 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 . </P> <P> Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given length of time . As lease is a legal estate, leasehold estate can be bought and sold on the open market . A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and thereafter held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) on a periodic basis such as weekly or monthly . </P>

What is the purpose of a leasehold estate
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