What term describes the right to use land for a specified purpose, often associated with leases?

The term that describes the right to use land for a specified purpose is "easement." An easement grants an individual or entity the legal right to utilize a portion of another person's property for a specific use, which could include access to a roadway, utility installation, or other designated functions. This concept is crucial in real estate and property law because it establishes clear permissions regarding land use without transferring ownership.

In contrast, title refers to legal ownership of property, while a mortgage is a financial agreement where property is used as collateral for a loan. A leasehold conveys the right to use property for a defined period under specific terms and conditions agreed upon between the lessor and lessee, but it does not necessarily indicate an ongoing right tied to a particular purpose as easements do. Thus, understanding these distinctions helps clarify the appropriate use and implications of each term in real estate transactions.