leasehold

noun

lease·​hold ˈlēs-ˌhōld 

1

: a tenure by lease

2

: property held by lease

leaseholder noun

Examples of leasehold in a Sentence

Recent Examples on the Web

The current agreement is for an annual payment of £250,000 for the leasehold, but the Council had proposed a figure of £850,000, rising to £1million, which the club believed was exorbitant. —Nick Miller, The Athletic, 8 July 2024

At an extraordinary council meeting last night, the amendment calling for a pause and delay to the sale was ruled out of order, and the long leasehold of the studio will now very likely be sold. —Max Goldbart, Deadline, 15 Oct. 2024

The remaining 35 years on Trump’s leasehold in the Financial District tower is worth about $116 million. —Zach Everson, Forbes, 6 Oct. 2024

Many ground leases say the ground tenant and its leasehold mortgagee cannot be affiliated or related in any way. —Joshua Stein, Forbes, 23 Sep. 2024

Word History

First Known Use

1710, in the meaning defined at sense 1

Legal Definition

leasehold

noun

lease·​hold ˈlēs-ˌhōld 

: a tenure of real property held by a lessee under a lease : a lessee's estate in the property

also : the property so held compare fee, freehold