How can I add a hint or tooltip to a label in C# Winforms?

Question

It seems that the Label has no Hint or ToolTip or Hovertext property. So what is the preferred method to show a hint, tooltip

Answer 1

System.Windows.Forms.ToolTip ToolTip1 = new System.Windows.Forms.ToolTip();
ToolTip1.SetToolTip( Label1, "Label for Label1");