What does a tenant in a leasehold estate typically have the right to do with the property?

A tenant in a leasehold estate typically has the right to make improvements to the property. This is a common feature of lease agreements, allowing tenants the flexibility to modify or enhance the space they are renting, as long as those improvements comply with the lease terms. Often, landlords encourage tenants to make improvements that can enhance the property's value or appeal, which can benefit both parties.

In a leasehold estate, the tenant does not own the property and therefore does not have the right to sell it. Selling the property is a right reserved for the owner, not the leaseholder. Similarly, the tenant generally cannot sublet the property without first obtaining the landlord's permission; doing so usually requires written consent as part of the lease agreement. Lastly, living on the property for life does not apply in a leasehold context, as lease terms are typically set for a specific period, after which the tenant must vacate or renew the lease.