Pronunciation: /liːs.hoʊld/
noun a property interest in which a person has a lease or rental agreement on a piece of land or a building
A1 A leasehold is a type of property ownership where the person only has the right to use the property for a certain period of time.
A2 When you buy a leasehold property, you are essentially buying the right to live in the property for a set number of years.
B1 Leasehold properties are common in urban areas where land is limited and developers choose to sell the property on a leasehold basis.
B2 Understanding the terms of the leasehold agreement is important before purchasing a property to avoid any future disputes.
C1 Investors often prefer leasehold properties for their potential income generation through renting out the property.
C2 The leasehold valuation tribunal deals with disputes between leaseholders and freeholders regarding lease extensions and ground rent.
adjective relating to or characteristic of a leasehold
A1 The leasehold property had a beautiful garden.
A2 She signed a leasehold agreement for the apartment.
B1 The leasehold contract is valid for five years.
B2 The leasehold agreement included maintenance responsibilities.
C1 The leasehold arrangement allowed for subletting with permission.
C2 The leasehold terms were negotiated by the legal team.
formal The leasehold agreement clearly outlines the responsibilities of both the tenant and the landlord.
informal I'm looking to buy a leasehold property in the city.
slang I heard they're trying to sell that leasehold apartment for a good price.
figurative His leasehold on the property gave him a sense of security in an uncertain market.
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