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.

Question

Quizplus · Accepted Answer

Both a leasehold and a bailment involve granting possessory interests without transferring ownership. In a leasehold, the tenant has the right to possess and use the property for a specified period, while in a bailment, temporary possession of personal property is transferred for a specific purpose, but in both cases, the ownership remains with the original owner.

A Leasehold Is Like a Bailment in That It Permits