Final answer:
The landlord conveys the exclusive right of possession of a property to the tenant for a limited period of time in exchange for a leasehold interest.
Step-by-step explanation:
The subject of this question is Law. In the context of the question, the landlord (lessor) granting the exclusive right of possession of a property to the tenant for a limited period of time is known as a leasehold interest. This means that the tenant has the right to occupy and use the property for the specified lease term.