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leasehold Definition

lease·hold (-hōld′)

noun

  1. the act or condition of holding by lease
  2. lands, buildings, etc. held by lease

adjective

held by lease

leasehold Related Forms

lease′·hold′er noun

leasehold Finance Definition

An asset that gives the holder the right to use the property under a lease. A leasehold is a fixed asset and thus depreciates over time. Improvements to the property are called leasehold improvements. The cost of the improvement is added into the fixed asset. A leasehold may be used by businesses that rent an office or factory. In some situations, houses may be sold through a leasehold, which gives the purchaser the legal right to occupy property for a specific period of time, such as 99 years. This practice is more common in the United Kingdom than in the United States.

leasehold Law Definition

n

Generally, a tenant’s interest in the real property used or possessed pursuant to a lease.

leasehold Usage Examples

Converse of object

  • acquire: None of these plans were realized fully until Warner acquired the long leasehold of the building in 1994.
  • sell: All flats are sold leasehold with a lease of 125 years.
  • buy: A final question - Should I buy a leasehold flat?
  • have: A tenant or a small farmer might have a leasehold or a freehold worth several hundred pounds.
  • hold: Appointing the Official Custodian for Charities Land Holding Service to hold a leasehold or freehold property.
  • include: Back up ^^ 2 We define real estate as property, including leasehold and freehold interest, and its improvements.

Preposition: for

term: Leasehold for a Term, of which 16 years are unexpired at Michaelmas last.

Adjective modifier

  • freehold: The tenure of the property is declared, which will usually be either freehold, leasehold or commonhold.
  • long: A long leasehold or share of freehold interest would be offered.
  • short: Having only a little money I was interested in the short leaseholds and persuaded my husband to buy several properties.
  • small: We are experienced in selling all types of businesses, both large & small, leasehold & freehold.

Modifies a noun

  • enfranchisement: Additionally we are able to advise owners on the tax implications arising from leasehold enfranchisement.
  • tenure: The Halifax College site to the south of the Heslington West campus has a leasehold tenure.
  • valuation: You have the right to challenge the reasonableness of any charges at a leasehold valuation tribunal.
  • tribunal: You have the right to challenge the reasonableness of any charges at a leasehold valuation tribunal.
  • estate: For the leasehold estates, see below, pp.
  • premise: I am passing my leasehold premises to the buyer of my business.

Noun used with modifier

  • offering: The Grove is a private retirement scheme built in 1990 offering leasehold flats for people aged 60 and over.
  • year: Tip - Look to buy somewhere with over 85 years leasehold Legal This is the legal work required for buying and selling a property.
  • nightmare: I've been caught up in one of those nightmare leasehold situations.