In real estate, what is a leasehold estate considered?

A leasehold estate is characterized as a temporary ownership of property. It represents an arrangement where a landlord allows a tenant to use and occupy a property for a specified period under the terms of a lease agreement. Unlike freehold estates, which grant full ownership and indefinite duration, leasehold estates have a predetermined time limit, at the end of which possession of the property reverts back to the lessor. This temporary nature defines the leasehold estate, highlighting the distinction from other forms of property interest that confer more permanent rights or ownership.