Definition of leasehold in US English:

leasehold

noun

British
  • 1The holding of property by lease.

    ‘a form of leasehold’
    Often contrasted with freehold
    as modifier ‘leasehold premises’
    • ‘There are other traditional leasehold structures including terminating leases of 50-100 years.’
    • ‘With a well-written lease and a properly managed building, a leasehold flat should provide a perfectly good home for occupants and a secure investment.’
    • ‘For instance, a 10-year leasehold interest may not be like-kind with an 18-year leasehold interest.’
    • ‘Moreover, the legal status of leasehold titles needs clarification whilst provisions for the transfer and inheritance of leases will improve security of tenure.’
    • ‘The state Supreme Court has ruled that a lawsuit seeking mandatory leasehold conversion at the condominium did not have the required number of owners needed to proceed.’
    rental agreement, hire agreement, charter, contract
    View synonyms
    1. 1.1 A property held by lease.
      • ‘He gave the pledge after a series of MPs made pleas for leaseholds to be scrapped.’
      • ‘All lessees on the airport shall be responsible for keeping all aircraft parked on their leaseholds entirely within the boundaries of the leasehold with no wing, tail, nose, or other portion of the aircraft extending over such boundaries.’
      • ‘In declining real estate value environment, long-term leaseholds could become an liabilities instead of assets.’
      • ‘Do the people who buy leaseholds even know they will have big problems when their leasehold expires?’
      • ‘Timeshares and leaseholds are available in fully furnished 15th century buildings of various sizes.’
      building, buildings, premises, house, houses, land, estates, acres, acreage
      View synonyms

Origin

Early 18th century: from lease, on the pattern of freehold.

Pronunciation

leasehold

/ˈlēsˌhōld//ˈlisˌhoʊld/