leasehold land

Leasehold land refers to a property ownership arrangement where an individual or entity holds the right to use a piece of land for a specified period, typically decades, as stipulated in a lease agreement. The land itself remains owned by a freeholder or government entity, and once the lease expires, ownership reverts to the original owner unless renewed. During the lease term, the leaseholder can develop, manage, and benefit from the land, often paying ground rent or fees. Leasehold arrangements are common in many countries and are distinct from freehold, which grants indefinite ownership.