Which of the following best describes the relationship between landlord and tenant in a leasehold estate?

The relationship between a landlord and tenant in a leasehold estate is best described as one of owner and occupier. In this context, the landlord is the owner of the property who grants the tenant the right to occupy and use the property in exchange for rent. This lease agreement creates a legal relationship where the landlord retains ownership while the tenant obtains a temporary right to use the property for a specified period. This arrangement is crucial as it delineates the rights and responsibilities of both parties, with the landlord maintaining certain responsibilities, such as property maintenance, and the tenant being obligated to adhere to the terms of the lease, including the timely payment of rent.

In contrast, a partnership describes a business relationship where parties work together towards a common goal, which does not accurately reflect the dynamics of a leasehold situation. Similarly, the relationship of employee and employer involves different obligations and interactions than a landlord and tenant scenario. Finally, the seller and buyer relationship pertains to the transfer of property ownership, which is not applicable in the context of a leasehold estate, where ownership remains with the landlord.