1. property held under a lease for a specified period
Usage: legal
2. the right to occupy property under a lease
Usage: legal

1. held or occupied under a lease
Usage: legal

Examples

• The apartment building is a leasehold property with 99 years remaining.
• She purchased the leasehold interest in the commercial space.
• The leasehold expires in 2050, after which ownership reverts to the landlord.
• Many condominiums are sold as leasehold rather than freehold properties.
• The leasehold agreement includes maintenance responsibilities.
• He owns a leasehold flat in central London.
• The leasehold property was valued lower due to the short remaining term.