leasehold

American  

[lees-hohld] / ˈlisˌhoʊld /

noun

1. property acquired under a lease.

2. a tenure under a lease.

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adjective

1. held hold by lease.

leasehold British  

/ ˈliːsˌhəʊld /

noun

1. land or property held under a lease

2. the tenure by which such property is held

3. (modifier) held under a lease

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Etymology

Origin of leasehold

First recorded in 1710–20; lease ¹ + hold ¹

Example Sentences

The accounts detail how the sale of the leasehold to St James' Park and adjacent land to PZ Holdings Limited, a subsidiary company, contributed to the club posting a £34.7m profit after tax.

From BBC

Not everyone has welcomed the changes, with the Residential Freeholders Association accusing the government on an "attack on leasehold system" saying they should "introduce regulation to tackle service charges directly".

From BBC

Fire safety guidance, a minimum learning period for learner drivers and a ban on new leasehold flats are also among the issues subject to consultation that are listed on the government website.

From BBC

Former Housing Secretary Angela Rayner has urged the government to go further on regulating managing agents as part of its reforms of the leasehold system in England and Wales.

From BBC

The notice did not say whether the school would lose access to extensive athletic facilities it built on its 22-acre leasehold.

From Los Angeles Times