Leaseholds refer to the rights of a tenant to use a property for a specified time period. This type of ownership is commonly used for commercial properties, apartments, and residential homes. There are several synonyms that can be used to describe leasehold, including lease, rental, tenancy, subletting, and occupancy. A lease is an agreement between the landlord and tenant that grants the tenant exclusive rights to the property for a specified period of time. Rental typically refers to the payment that tenants make to their landlords. Tenancy is another synonym for leasehold and can refer to either commercial or residential properties. Subletting is a synonym for leasehold that refers to a tenant renting out a portion of their leasehold to another party. Finally, occupancy refers to the act of occupying a property as a tenant.