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- Dictionaryleasehold/ˈliːshəʊld/
noun
- 1. the holding of property by lease: British "a form of leasehold"
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Jun 1, 2021 · A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the...
A leasehold property is a property where you own the building (be it a house or an apartment) but not the land it's built on. In simpler terms, it's like having a long-term rental agreement. Your ownership lasts for a fixed period, known as the ‘lease term’.
Sep 7, 2023 · Leasehold is a type of property tenure where a person or entity (the leaseholder or lessee) is granted the right to occupy and use a property for a specified period of time as outlined in a lease agreement. This period can range from several years to centuries.
A leasehold property is a property that a lessee or tenant agrees to rent from a lessor for a predetermined period. It's like having a house for a set amount of time without owning the land. The leasehold premise eventually belongs to the property's original owner. Most flats and apartments you can buy in India are leasehold properties.
Apr 29, 2024 · A leasehold refers to an interest in a property that is held under a lease, granting the holder (lessee) the right to use and occupy the property for a predetermined period. This term is often contrasted with freehold, where the ownership of the property and the land it stands on is indefinite.
What is a leasehold? Including your rights and responsibilities, the current leasehold scandal, how to complain and how it differs to freehold - MoneySavingExpert.
Jan 31, 2022 · Leaseholds, which are common in the U.K. and some U.S. states, grant long-term residents greater rights to the real estate than a standard lease does—but the land is nevertheless owned by someone else. Let’s take a look at leaseholds, freeholds, and the differences between the two.
LEASEHOLD definition: 1. the legal right to live in or use a building or piece of land for an agreed period of time: 2…. Learn more.
1. : a tenure by lease. 2. : property held by lease. leaseholder noun. Examples of leasehold in a Sentence. Recent Examples on the Web That same year, Manchester also sold off the bulk of the Broadway complex’s leasehold to IQHQ for $230 million.
the right to live in or use a building, piece of land, etc. for a particular period of time as agreed in a lease: He has bought the long leasehold on a 100,000 square foot listed building. buy/hold/sell the leasehold The company sold the leasehold of the site for £340,000 last month. Compare. freehold noun.
