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
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The leasehold agreement clearly outlines the responsibilities of both the tenant and the landlord.
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I'm looking to buy a leasehold property in the city.
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I heard they're trying to sell that leasehold apartment for a good price.
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His leasehold on the property gave him a sense of security in an uncertain market.