Who holds the 'Leasehold fee interest' in property?

The concept of a 'leasehold fee interest' relates to the rights and interests associated with a lease agreement. In this context, the landlord holds the leasehold fee interest in the property. This means that the landlord retains ownership of the property and has a fee simple interest, while allowing the tenant to use and occupy the property for a specified period as agreed in the lease.

The landlord maintains the overall ownership rights, including the right to receive rent and make decisions about the property, unless these rights are expressly modified by the lease agreement. Thus, the landlord's interest is fundamental in the landlord-tenant relationship, as they control the property and its eventual disposition.

Other roles, such as the tenant or property manager, do not hold the leasehold fee interest. The tenant has a temporary interest in using the property based on the lease terms but does not own the land itself. The property manager is typically an intermediary hired to manage the property on behalf of the landlord, lacking any ownership or leasehold fee interest themselves. Government entities generally do not hold leasehold fee interests in private properties unless they are involved in specific regulations or ownership scenarios, but this does not apply in the context of a private landlord-tenant relationship.