A leasehold is like a bailment in that it permits the tenant to have a possessory but not an ownership interest in the landlord's estate.

Name: A leasehold is like a bailment in that it permits the tenant to have a possessory but not an ownership interest in the landlord's estate.
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A leasehold grants the tenant the right to possess and use the property for a specified period, similar to a bailment, where possession is transferred without ownership.

A Leasehold Is Like a Bailment in That It Permits