Leasehold
noun
A property or land that a person or company rents from another person or company for a set amount of time.
He just signed a leasehold on a small retail store, meaning he will rent it for the next five years.
Often appears as...
- sign a leasehold
- leasehold property
adjective
Relating to a property or land that is rented under a lease.
The leasehold rights give the lessee certain permissions on using the property.
Often appears as...
- leasehold rights
- leasehold property
Usage tips
Formal
noun
A property or land that a person or company rents from another person or company for a set amount of time.
He just signed a leasehold on a small retail store, meaning he will rent it for the next five years.
Often appears as...
- sign a leasehold
- leasehold property
adjective
Relating to a property or land that is rented under a lease.
The leasehold rights give the lessee certain permissions on using the property.
Often appears as...
- leasehold rights
- leasehold property
Usage tips
Formal
Definition 1 of 2
Pro Tip 1/3Duration Specific
Leasehold always involves a fixed period; know the length of time.
Their coffee shop operates on a 10-year leasehold.
Pro Tip 2/3Not Ownership
Remember leasehold means renting, not owning the property.
Despite the improvements they made, the leasehold means they don't own the space.
Pro Tip 3/3Legal Agreements
A leasehold agreement involves legally binding documents.
Before opening her gallery, she carefully reviewed the leasehold contract.
Pro Tip 1/3Duration Specific
Leasehold always involves a fixed period; know the length of time.
Their coffee shop operates on a 10-year leasehold.
Pro Tip 2/3Not Ownership
Remember leasehold means renting, not owning the property.
Despite the improvements they made, the leasehold means they don't own the space.
Pro Tip 3/3Legal Agreements
A leasehold agreement involves legally binding documents.
Before opening her gallery, she carefully reviewed the leasehold contract.
Pro Tip 1/3Duration Specific
Leasehold always involves a fixed period; know the length of time.
Their coffee shop operates on a 10-year leasehold.
Pro Tip 2/3Not Ownership
Remember leasehold means renting, not owning the property.
Despite the improvements they made, the leasehold means they don't own the space.
Pro Tip 3/3Legal Agreements
A leasehold agreement involves legally binding documents.
Before opening her gallery, she carefully reviewed the leasehold contract.
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Quote examples
Lucretius
Roman Poet
And life is given to none freehold, but it is leasehold for all.
Quote examples
Lucretius
Roman Poet
And life is given to none freehold, but it is leasehold for all.
Example 1 of 1
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