31/07/2023
Have you ever wondered what a tenancy is and whether it's the same as a lease or tenancy agreement? In this post you'll learn what a lease, tenancy and tenancy agreement is and the differences between them.
The leasehold estate in land (which is often shortened to a leasehold estate, a leasehold, a lease or tenancy) is a type of land right known as the Estate in Land (Estate). The technical name for a leasehold estate is the Term of Years Absolute. There are two types of Estates, the other type being the Freehold Estate. The holder(s) of each Estate gain rights to the land or property. Freeholders gain full ownership rights. Leaseholders and tenants, gain exclusive possession of the property for a specific amount of time.
Find out more about Estates in our extended blog post:
The Evolution of Land Rights.
