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 ?
Currently there are two ways to own property, freehold, which comes close to absolute ownership, and leasehold, which confers ownership for a temporary period.
And research by The Journal has found that a ban on new-build houses sold as leasehold would affect Newcastle more than almost anywhere else in the country.
Ms Blythyn AM said: "This is an issue constituents have raised concerns about with me and the latest announcement from the Welsh Government to limit the use of leasehold contracts is good news for those across our communities who own, or are looking to buy a home.
Wales was effectively the birthplace of the original legislation to address leaseholders' rights, the Leasehold Reform Act 1967, which arose out of a desire to protect the miners of the south Wales valleys from the loss of their homes at the end of their long tenancies.
4 million leasehold houses across England with the number of leasehold sales growing.
They can be assured NTWDC will put their interests first when reconsidering the policy on leasehold.
The worst difficulties are in some recent new build houses sold as leasehold instead of the more customary freehold in England and Wales.
The worst difficulties are found in some recent new build houses sold as leasehold instead of the more customary freehold in England and Wales.
up Pete Redfern The company said they expect the payments to customers to be "spread over a number of years", adding: "The process of negotiation with the owners of the freeholds to these leasehold properties is ongoing.
The company said it expects the payments to customers to be "spread over a number of years", adding: "The process of negotiation with the owners of the freeholds to these leasehold properties is ongoing.
Leasehold sales see the developer keep ownership of the ground a house is built on, which entitles them to charge ground rents and fees for making alterations or building extensions.