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Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold e facebook cUSTOMER support pHONE NUMBER +1.8.0.5.3.0.1.7.0.4.2-state can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a propht and after that held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) periodically such as weekly or monthly.