noun a property interest in which a person has a lease or rental agreement on a piece of land or a building
adjective relating to or characteristic of a leasehold
In real estate, leasehold refers to a property that is leased or rented by the tenant for a specific period of time.
In land development, leasehold agreements may be used to develop properties on leased land.
Leasehold is a legal agreement between the landlord and tenant for the use of a property for a specified period.
Leasehold is commonly used in commercial leasing agreements for businesses to rent space for their operations.
Investors may purchase leasehold properties as an investment to generate rental income.
Leasehold may be considered as an asset or liability on a company's balance sheet, depending on the terms of the lease agreement.
A real estate agent may help clients find leasehold properties to rent or lease out leasehold properties on behalf of landlords.
A lawyer may be involved in drafting or reviewing leasehold agreements to ensure legal compliance and protect the rights of both parties involved.
An accountant may advise clients on the financial implications of entering into a leasehold agreement, such as tax implications and accounting treatment of leasehold assets.
A property manager may oversee the day-to-day management of leasehold properties, including collecting rent, handling maintenance issues, and enforcing lease terms.
An urban planner may consider leasehold arrangements when developing land use plans and zoning regulations to ensure efficient use of land resources and promote sustainable development.