What does "leasehold interest" refer to?

"Leasehold interest" specifically refers to the rights that a tenant has to occupy and use a property under the terms of a lease agreement with the property owner, also known as the lessor. This interest grants the tenant the legal right to enjoy the property for a specified period and under certain conditions as per the lease. It is essentially an arrangement where the tenant pays rent to the landlord while gaining the right to use the property, without owning it.

In this context, the other options do not define leasehold interest accurately. The property owner's right to sell pertains to ownership rights, and the landlord's right to evict relates to leasing enforcement rather than the tenant's interests. A bank's interest in a mortgage involves financial rights tied to property financing, which is unrelated to the rights of tenants under a lease. Thus, the definition of "leasehold interest" aligns precisely with the tenant's rights, making it the correct choice.