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 ?
The CRM management group is now seeking to claim at least part of the cost of the repairs from the leaseholders, claiming the cost is a service charge item.But the move has left some of the 200-plus residents fearing they won't be able to find the substantial sum within the required timeframe.
A spokesman for CRM Residential, the managing agents for the development, said: "Under the terms of the lease we are obliged, on behalf of all leaseholders, to maintain the development in a good state of repair.
Labour has also announced a crackdown on unfair fees and contract terms, and a right to challenge unfair fees or poor service; and also new rights to empower leaseholders to hire and fire their managing agent, or to take over management of their homes themselves.
Resultantly, the leaseholders were asked to remove their equipment before the deadline given and in case of failure the same would be confiscated.
According to the letter, the leaseholders of the NHA land were encroaching on the 200-foot-wide CDA land.
"Leaseholders have a statutory right to extend their lease by an additional 90 years and reduce the ground rent to zero, which would make it more attractive to potential purchasers." However, he points out that leaseholds will still need to pay service charges and any permission fees that remain in the extended lease.
"And we've seen a number of private building owners doing the right thing and taking responsibility, but unfortunately too many are continuing to pass on the costs of removal and replacement to leaseholders.
Developers have denied that sales teams deliberately misled leaseholders with partial sales information and false promises of purchasing their freeholds at an agreed price.
The committee's report said: "It is clear that many of the leaseholders we heard from were not aware of the differences between freehold and leasehold at the point of purchase.
This was to be divided between leaseholders according to the square footage of each flat.