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Term Definition Leasehold Estate - the right to use and occupy real estate for a stated term and under certain conditions, conveyed by a lease.
Application in Divorce Historically, leasehold estates are classified as a type of lease.

The four types of leasehold estates are estate for years, periodic tenancy, tenancy at will, and tenancy at sufferance.

The value of a leasehold estate may be a factor in the calculation of the value of the marital estate.

See also Personalty.