leasehold

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leasehold

1. land or property held under a lease
2. the tenure by which such property is held
3. held under a lease

Leasehold

 

a form of land rental in England.

Leasehold began to develop in the late Middle Ages, when direct cultivation of the lord’s manor with serf labor came to an end. The lords began to rent out their domain as a whole to one person (a big leasehold, which in time became the capitalist form of farm rental) or to several persons (small peasant leaseholds). Rentals “at the will of the lord” for terms of from one to three years were most common in the latter category. The holders of such rentals were among the first to be driven from the land in the late 15th and 16th centuries by enclosures.

leasehold

A tenure by lease; real estate held under a lease.
References in periodicals archive ?
Today we are showing our determination to give power back to consumers so they have the service they expect and deserve, as part of my drive to deliver transparency and fairness for the growing number of renters and leaseholders.
As many residents wish to discuss financial matters in the privacy of their own home, we now write to all leaseholders giving a full explanation of their service charges and offer to meet with them.
Most vertical leases will clearly state that the freeholder is responsible for arranging to have any remedial work done, while the leaseholders are responsible for paying for it.
According to Mahmoud Ismael, 50,000 leaseholders have officially registered with them in all their branches across the region, out of which 12,250 are in Erbil alone.
Those officials also have broad authority on their own initiative to prohibit access, require a leaseholder to permit access, or set access conditions.
In 2001, Trimble and her three children moved in with her cousin, a CHA leaseholder, and her three children, sharing a fifth-floor, three-bedroom apartment in the West Side's Rockwell Gardens development.
The material supplier should appreciate the difference between contracting with a property owner directly, or alternatively, with a leaseholder.
Punch Taverns' recruitment and training manager John York says: "There is no ideal background for a leaseholder.
Once the pilot wells test data has been collected, and Continental's engineers and the leaseholder have confirmed that the ARID tools are performing to expectation, the remaining ARID tools will be installed at the operator's and leaseholder's discretion.
Having lived in the flat as a leaseholder for five years, Alicia knew she would have to budget to pay towards maintaining the council-owned block (although she owns the flat, the council owns the freehold of the building).