Real estate leasehold – usually this legal term applies in the sphere of Property Law. It has two different meanings:
1) It could relate to short lease occupancy of premises (apartment or a house) and not a land. The occupant has a right to use the premises only within the time frame in the lease agreement.
2) It may describe improvements on land which the tenant uses on a long lease contract. In some jurisdictions the tenant may have the right to ask for award for those improvements, which increase the market price of the land. And which obviously benefit the landowner.