Leasehold rights refer to the legal rights granted to a tenant or lessee to occupy and use a property for a specified period of time, typically through a lease agreement. These rights include the right to exclusive possession of the property, the right to use and enjoy the property, and the right to transfer or sublet the property with the landlord’s consent. Unlike freehold rights, which grant ownership of the property, leasehold rights only provide temporary control and use of the property. This type of arrangement is common in commercial and residential real estate, where tenants pay rent to the landlord in exchange for the use of the property. Leasehold rights can vary in duration and terms, but they typically provide the lessee with a sense of security and stability in their use of the property.