leasehold

leasehold
The interest of a lessee. An interest in real estate. 26 Am J1st H & W § 233. An estate in real property which is conveyed to a tenant by his landlord when the landlord makes a lease of the property to the tenant; an estate entirely separate and distinct from the estate which the landlord retains. Stubbings v Evanston, 136 Ill 37, 26 NE 577. Included in a devise of "land" where the testator has no lands which he owns in fee. 57 Am J1st Wills § 1337. See estate for years.

Ballentine's law dictionary. . 1998.

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  • leasehold — lease·hold / lēs ˌhōld/ n: a tenure of real property held by a lessee under a lease: a lessee s estate in the property; also: the property so held compare fee, freehold Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Leasehold — is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. As lease is a legal estate, leasehold estate can be bought and sold on the open market and differs from a tenancy where a… …   Wikipedia

  • Leasehold — Lease hold , a. Held by lease. [1913 Webster] …   The Collaborative International Dictionary of English

  • Leasehold — Lease hold , n. A tenure by lease; specifically, land held as personalty under a lease for years. [1913 Webster] …   The Collaborative International Dictionary of English

  • leasehold — ► NOUN 1) the holding of property by lease. 2) a piece of land or property held by lease. DERIVATIVES leaseholder noun …   English terms dictionary

  • leasehold — [lēs′hōld΄] n. 1. the act or condition of holding by lease 2. lands, buildings, etc. held by lease adj. held by lease leaseholder n …   English World dictionary

  • leasehold — An asset providing the right to use property under a lease agreement. Bloomberg Financial Dictionary * * * leasehold lease‧hold [ˈliːshəʊld ǁ hoʊld] adjective LAW PROPERTY leasehold land, buildings etc can be used by someone for as long as is… …   Financial and business terms

  • leasehold — [[t]li͟ːshoʊld[/t]] leaseholds 1) ADJ If a building or land is described as leasehold, it is allowed to be used in return for payment according to the terms of a lease. [mainly BRIT] I went into a leasehold property at four hundred and fifty… …   English dictionary

  • leasehold — adjective especially BrE leasehold property is owned only for as long as is stated in a lease compare freehold leasehold adverb: Buying leasehold is cheaper …   Longman dictionary of contemporary English

  • leasehold — UK [ˈliːsˌhəʊld] / US [ˈlɪsˌhoʊld] noun Word forms leasehold : singular leasehold plural leaseholds 1) a) [countable] a house or flat that you lease b) [uncountable] the use of property by leasing it 2) [usually before noun] owned or used for a… …   English dictionary

  • leasehold — lease|hold [ˈli:shəuld US hould] adj especially BrE leasehold property is property that you will own only for the period of time stated in a lease →↑freehold >leasehold adv …   Dictionary of contemporary English

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