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Definitions from WordNet

Definitions from the Web

Term: Leasehold

Description:

Leasehold refers to a legal arrangement in which a person or entity (the lessee) is granted temporary possession or control of a property owned by another party (the lessor). The lessee holds the property for a specific period of time, typically under the terms of a lease agreement.

Part of Speech:

• Noun
• Adjective

Sense 1 - Noun:

In the noun form, leasehold refers to the state or condition of holding or possessing a property through a lease agreement.

Example Sentences:

1. The leasehold of the apartment expires next month.
2. They purchased the leasehold on a commercial property for their business.
3. The leasehold is subject to certain restrictions outlined in the agreement.

Sense 2 - Adjective:

As an adjective, leasehold describes something that is related to or associated with a lease or leasehold property.

Example Sentences:

1. We are interested in purchasing leasehold properties for investment purposes.
2. The leasehold agreement allows for renovations with prior approval from the lessor.
3. She is responsible for the maintenance of leasehold buildings in the city.

Possible Related Products:

For more information about leasehold properties and related topics, you may consider checking out these products on Amazon:

• Leasehold Properties
• Leasehold Agreements
• Leasehold Management