Leasehold estate refers to a legal agreement where one party leases a property to another party for a specific period of time. There are several synonyms used to describe leasehold estate, depending on the context in which they are used. These include tenancy, tenement, occupier, lessee, rental, lease, and rental agreement. Tenancy typically refers to the state of being a tenant or occupant of a property under a contractual or legal agreement. A tenement refers to a property that is leased or rented out to someone. A lessee is a person who leases a property from a lessor. Finally, a lease is a document outlining the terms and conditions of a rental agreement.