Real estate holdings are often used as investment instruments to create cash flow and build equity for the ownership entity. A valid lease requires a written agreement and will create a contract and a leasehold arrangement. The principle of conveyance and leasehold estate are at the core of the lease agreements. What is your understanding of a leasehold estate? What methods can be used to set commercials rents? (You may simply provide a list of the various methods used to establish a commercial rent.) And, what does the concept of quiet enjoyment mean?