What does leasehold estate mean?
Definitions for leasehold estate
lease·hold es·tate
This dictionary definitions page includes all the possible meanings, example usage and translations of the word leasehold estate.
Wikipedia
Leasehold estate
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property. Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given length of time. As lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and thereafter held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) on a periodic basis such as weekly or monthly. Terminology and types of leasehold vary from country to country. Sometimes, but not always, a residential tenancy under a lease agreement is colloquially known as renting. The leaseholder has the right to remain in occupation for a fixed period, generally measured in months or years. Terms of the agreement are contained in a lease, which has elements of contract and property law intertwined.
Numerology
Chaldean Numerology
The numerical value of leasehold estate in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of leasehold estate in Pythagorean Numerology is: 7
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"leasehold estate." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/leasehold+estate>.
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