What is a leasehold title insurance policy?
What is a leasehold title insurance policy? What Is It: A leasehold policy insures either the owner of a leasehold estate or a lender making a loan secured by a mortgage on the leasehold estate with respect to the title of the property. What is a leasehold on title? A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Terms of the agreement are contained in a lease, which has elements of contract...