Leasehold

usgb/ˈliːshəʊld/
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.
Visual representation of "leasehold" - A property or land that a person or company rents from another person or company for a set amount of time.

Often appears as...

  • sign a leasehold
  • leasehold property
Definition 1 of 2
Visual representation of "leasehold"
LampPro Tip 1/3

Duration Specific

Leasehold always involves a fixed period; know the length of time.

Illustration for Duration Specific
Their coffee shop operates on a 10-year leasehold.
LampPro Tip 2/3

Not Ownership

Remember leasehold means renting, not owning the property.

Illustration for Not Ownership
Despite the improvements they made, the leasehold means they don't own the space.
LampPro Tip 3/3

Legal Agreements

A leasehold agreement involves legally binding documents.

Illustration for Legal Agreements
Before opening her gallery, she carefully reviewed the leasehold contract.
Visual representation of the word "Leasehold"

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