Under which circumstance would a leasehold be terminated?

A leasehold is an interest in real property that allows the tenant to use and occupy the property for a specified period under the terms of a lease agreement. The leasehold is inherently tied to the duration of that lease. Therefore, the leasehold will be terminated upon the expiry of the lease term. Once the agreed period has concluded, the tenant's right to occupy the property typically ends, unless there are provisions for renewal or extension in the lease agreement.

While factors such as the sale of the property, change in ownership, or renovations may affect the property and the relationships between landlords and tenants, they do not automatically terminate an existing leasehold. A new owner often becomes bound by the existing leases, and renovations do not eliminate a tenant's rights unless specifically stated in the lease. As such, the expiration of the lease term is the definitive circumstance that results in the termination of a leasehold.