Leaseholds are a type of tenancy agreement in which the tenant is granted the right to occupy a property for a fixed period of time, usually in exchange for a fee. The tenant is typically given exclusive rights to use and enjoy the property during the term of the lease. The landlord retains ownership of the property and may be able to reclaim it at the end of the lease. Tenancies are a common form of leaseholds, and they are often used in residential and commercial real estate transactions.