leasehold

[liːshoʊld]

leasehold Definition

• 1. property that is leased or rented for a fixed period of time
• 2. the tenure by which such property is held

Using leasehold: Examples

Take a moment to familiarize yourself with how "leasehold" can be used in various situations through the following examples!

• Example

  The leasehold on the apartment expires next year.

• Example

  The company owns the freehold, but the building is divided into leaseholds.

• Example

  The leasehold agreement specifies the terms and conditions of the tenancy.

leasehold Synonyms and Antonyms

Synonyms for leasehold

• tenancy
• lease
• rental property
• rented accommodation

Phrases with leasehold

• freehold and leasehold

  a system of land ownership in which the owner has complete and permanent ownership of the land (freehold), or a temporary right to occupy the land (leasehold)

  Example

  The difference between freehold and leasehold is that with freehold, the owner owns the land and the property on it, while with leasehold, the owner only owns the property for a fixed period of time.

• long leasehold

  a leasehold that lasts for a long period of time, usually more than 21 years

  Example

  The long leasehold on the property was due to expire in 2040.

• short leasehold

  a leasehold that lasts for a short period of time, usually less than 21 years

  Example

  The short leasehold on the property was due to expire in 2025.

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Summary: leasehold in Brief

The term 'leasehold' [liːshoʊld] refers to property that is leased or rented for a fixed period of time, and the tenure by which such property is held. It is often used in real estate and property law, and can be contrasted with 'freehold,' which denotes permanent ownership. Phrases like 'long leasehold' and 'short leasehold' describe the duration of the lease, while idioms are not commonly used with this term.