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Glite Dictionary
leasehold

leasehold

1 6.8
Property you have the right to use for a fixed time from the owner
  • noun
  • /ˈliːsˌhoʊld/
  • UK
translation icon : arrendamiento
  • Will the Prime Minister ensure that we end the practice of developers buying freehold land on which they go and sell new houses on a leasehold basis?
  • leasehold improvements
  • leasehold lands
  • contaminated leasehold

Maybe we need to shut down all these expensive leaseholds of big stores and just have kiosks.

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Examples

  • Speaker, on two previous occasions, I've asked the Prime Minister to do more to support the victims of the leasehold scandal.

  • Many buyers are cautious about purchasing a leasehold property due to potential lease renewal costs.

  • This, of course, includes our leasehold on the mines.

    Godmonster of Indian Flats (1973)

  • A debtor's property interest is limited to its leasehold interest.

    Academic text (1993)

  • The desirability of leaseholds could be particularly low if the site were contaminated.

    Academic text (1993)

  • The value of this leasehold right would depend on the desirability of the site to other potential lessees.

    Academic text (1993)

  • Like other ex-servicemen throughout the country who were assisted by the state, each ex-serviceman on Rhodesdale was given a farm on leasehold with the option of purchase after seven years.

    Academic text (2005)

  • Upon completion of the sale, the Society will receive the undepreciated cost of its leasehold improvements, the return of its $265,000 advance to the UET, and a share of the remaining proceeds.

    Academic text (1998)

  • The house was sold as a leasehold, meaning the new owner would only have rights to it for a fixed period.

  • In the UK, it is important to understand your rights as a leasehold owner before signing the contract.

Synonyms

real estate
vsleasehold
490 2.8

Land with buildings on it that people own, like houses or offices

is specifically about property held from the freeholder rather than owned
realty
vsleasehold
  • Specialized
27 5.4

Land and the buildings on it that someone owns

focuses on occupation from a freeholder, not general property ownership
leaseholding
vsleasehold
  • UK
6.1

Land or buildings someone uses by paying rent for a fixed time instead of owning them

is property occupied from the freeholder under a time-limited agreement

How Complete

freehold
  • UK
1 8.2
landownership
  • Specialized
1 4.7
leasehold
  • UK
1 6.8
tenancy
4 3.8
shared easement
  • Formal
8.1

Surface Forms

leasehold singular
leaseholds plural

Morphology

leasehold = lease + hold (transparent) = lease + hold

Formed directly from 'lease' + 'hold' meaning property held under a lease, which a learner can infer from the components.

Etymology

The word leasehold comes from two simple parts: lease, meaning 'an agreement to use something for a time', and hold, meaning 'to keep' or 'have'. So a leasehold is when you 'hold' land or property by a lease, which means you have the right to use it for a set period, not forever.