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Leasehold estates a property owner can enter into an agreement to let someone else use his property for some time when the use is exclusive non revocable and in exchange for money then a new kind of estate is created the leasehold estate also known as the non freehold estate a leasehold creates a legal relationship where the property owner is called the landlord and the person using the property is called the tenant to get some terminology out of the way the landlord and the tenant are no lease agreement also called the rental agreement or contract to rent the landlord is the present owner of the property and the tenant is the possessor of the property the tenant has a present interest in a leasehold estate and the landlord has a future interest in the leasehold estate the payment that is made from the tenant to the landlord is called rent you may have noticed from this terminology that lease holds include elements of property law and contract law property law is involved because an estate is involved contract law is involved because the lease agreement is a contract learning the different leasehold estates is quick and easy the majority of the material involving leasehold estates has to do with issues between the landlord and the tenant this is why many other legal authorities refer to this topic as landlord and tenant law however to stick with the theme of estates this topic is called leasehold estates to be better able to organize the material in this lecture consider the following as a road map there are four kinds of leasehold estates there are 10 issues between the landlord and the tenant you will probably remember them in three sets the first three are the original from the common law and the following art from the reform of the law of the reform of the law quite enjoyment and habitability are the most popular and the final five are a miscellaneous bunch these issues are generally straightforward to analyze because there's only two parties with only one legal relationship involved but when there is a transfer the legal relationships change this makes the issues more of a challenge to analyze there are four kinds of leasehold estates term of years periodic tenancy tenancy at will and tenancy at sufferance the term years is the most commonly sold estate alas for a fixed period of time thus any lease agreement with a termination date is a term of years further there is no need for the tenant to give notice of termination because the termination date is the notice note a term of years has a somewhat misleading name because a term of years can be for any amount of time also note a term of years for more than one year is required to be in writing by the statute of frauds periodic tenancy also known as the tenancy from year to year month to month or.