LEASEHOLD

leasehold,n. A tenant’s possessory estate in land or premises, the four types being the tenancy for years, the periodic tenancy, the tenancy at will, and the tenancy at sufferance. • Although a leasehold has some of the characteristics of real property, it has historically been classified as a chattel real. — Also termed leasehold estate; leasehold interest. See TENANCY. Cf. FREEHOLD. [Cases: Landlord and Tenant  70, 113, 117. C.J.S. Landlord and Tenant §§ 26, 130(1, 2), 131, 145, 151–156, 202(3, 9).]

[Blacks Law 8th]