Leasehold meaning

lēs'hōld'
The fact or condition of holding property by lease.
noun
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Property held by lease.
noun
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The act or condition of holding by lease.
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Lands, buildings, etc. held by lease.
noun
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Held by lease.
adjective
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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.
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Generally, a tenant’s interest in the real property used or possessed pursuant to a lease.
noun
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The tenure of property held by a lessee under a lease.
noun
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