Leasehold
Categories: Real Estate
This situation somewhat splits the difference between owning a property and renting. It applies in instances where the tenant plans to stay for a long time.
Much like a purchase, leasehold agreements often require a downpayment...something like 20% of the value of the lease. The tenant then pays monthly rent, just as they would under a typical lease.
Meanwhile, under a leasehold deal, the tenant can make whatever improvements they want. The main downside: at the end of the lease, those improvements (any buildings, etc.) revert to the property holder.