What is a leasehold estate?

A leasehold estate is a legal term used in property law in Massachusetts to describe a property arrangement in which a third party, known as a lessee, is granted the right to occupy and use a property owned by another person, known as the lessor. The lessee has the right to occupy the property for a certain period of time, which is specified in the lease agreement. The lessor remains the owner of the property and typically retains the right to collect rent from the lessee. Generally, a leasehold estate exists for a specified period of time, after which the lessee must vacate the property or negotiate a new lease agreement with the lessor. Unlike a fee estate, which is a permanent property arrangement, a leasehold estate does not confer complete ownership rights to the lessee. Instead, the lessee only has the right to occupy and use the property for the length of the lease agreement.

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What is a leasehold estate?

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