Define leasehold in the context of title insurance.

In the context of title insurance, a leasehold refers to a tenant's interest in a property provided by a lease agreement, which grants the tenant legal use of the property for a specified period of time while the actual ownership remains with the landlord. Therefore, the correct understanding of leasehold aligns with the idea that a title insurance policy can be issued to tenants under a lease to protect their interests. This type of policy can cover losses due to various risks related to their tenancy, such as disputes regarding lease provisions or potential claims against the title that could affect their ability to occupy the property.

The other choices do not accurately reflect the concept of leasehold in this context. Ownership without legal title does not pertain to leasehold interests but rather suggests occupancy scenarios without formal rights. Similarly, the notion of ownership with no expiration does not apply, as a leasehold inherently comes with an expiration date defined in the lease. Lastly, permanent ownership of real estate implies fee simple ownership rather than a temporary tenant arrangement that is characteristic of leasehold agreements.