What type of estate is door ownership classified as?

Door ownership typically refers to the ownership of a unit within a building where the ownership does not extend to the land on which the building sits. This type of ownership is usually associated with a leasehold estate, which involves possessing a property for a specific duration based on a lease agreement.

In a leasehold estate, the lessee (the person holding the lease) has the rights to use and occupy the property for the lease term but does not hold the ownership of the property itself. The ownership of the property remains with the lessor, who is the entity or individual that owns the land.

Contrasting with freehold estates, which grant ownership for an indefinite period, leasehold estates are temporal and generally include specific terms regarding rental payments, maintenance, and other responsibilities. Understanding this relationship is key for real estate professionals, as it shapes the rights and obligations of both owners and tenants in property transactions.