Lucretius

And life is given to none freehold, but it is leasehold for all.

Roman Poet

Leasehold always involves a fixed period; know the length of time.

Remember leasehold means renting, not owning the property.

A leasehold agreement involves legally binding documents.

Leasehold as an adjective emphasizes the lessee's legal rights to use the property.

The adjective form signals that property use is for a limited time.

When used as an adjective, it's often from the viewpoint of the lessee.