leasehold; right of lease
Legal term for the right to lease land or property, especially in contexts such as international concessions or long-term land leases.
A contract is required to establish a leasehold right.
The leasehold right for this land is renewed every 50 years.
Compound of 租借 (lease, from 租 'tax/rent' and 借 'borrow') and 権 (right). The term is used in legal and historical contexts.