leasehold

Meanings

1. 1
   noun

   a right or estate in land or property held for a fixed period under a lease

   The buyer acquired a ninety-nine-year leasehold rather than permanent ownership of the flat.

2. 2
   noun

   property held under a lease

   The company sold its freehold but retained a leasehold in the offices.

3. 3
   adj

   held by lease rather than owned outright

   Service charges can be a significant expense for owners of leasehold flats.

A compound of lease + hold, recorded in the early eighteenth century. It names the estate or tenure created when property is held under the terms of a lease rather than as a freehold.

Topics