Who is a leasehold owner in a property agreement?

A leasehold owner in a property agreement is the individual who occupies the property under lease. This person holds a leasehold interest, which grants them the right to use and occupy the property for a specified duration according to the terms outlined in the lease agreement. Unlike ownership of the property itself, a leasehold interest means that the individual does not own the land or structure outright but has the right to use it as stipulated in the lease.

The correct understanding of leasehold ownership highlights the relationship between the leaseholder and the property. It does not confer ownership in perpetuity; instead, it is typically temporary and subject to the conditions set forth in the lease. Thus, the leasehold owner is distinct from someone who might own the property outright, the seller of the property, or the landlord, who retains ownership of the property and leases it to the tenant.