Definitions
- Referring to the period of time during which someone holds a particular position or job. - Describing the right to hold or occupy a property for an indefinite period of time. - Talking about the status of an employee who has been granted permanent employment.
- Describing the right to hold or occupy a property for a limited period of time. - Referring to a type of property ownership where the owner holds the property for a fixed term. - Talking about a property that is rented out to a tenant for a specific period of time.
List of Similarities
- 1Both tenure and leasehold refer to the right to hold or occupy a property.
- 2Both involve a period of time during which the holder has certain rights and responsibilities.
- 3Both can be transferred or sold to another party.
- 4Both are legal concepts related to property ownership.
What is the difference?
- 1Duration: Tenure is typically indefinite, while leasehold is for a fixed term.
- 2Ownership: Tenure implies ownership of the property, while leasehold is a form of rental agreement.
- 3Responsibilities: Tenure holders have more control over the property and are responsible for its maintenance, while leasehold tenants have fewer responsibilities and are not responsible for major repairs.
- 4Renewal: Tenure does not require renewal, while leasehold requires periodic renewal or extension.
- 5Transferability: Tenure is often not transferable, while leasehold can be transferred or sold to another party.
Remember this!
Tenure and leasehold are both legal concepts related to property ownership. However, the difference between tenure and leasehold is their duration, ownership, responsibilities, renewal, and transferability. Tenure implies indefinite ownership and greater responsibility for the property, while leasehold is a form of rental agreement with a fixed term and fewer responsibilities.
