leasehold land

leasehold land
Land held under a lease The land will eventually revert to the freehold owner, although there has been some statutory modification of this right to repossession (e. g. in the Rent Acts). This is the most common way for blocks of offices to be owned. The landlord maintains possession of the common parts and creates separate leases for each office. The ownership of each office may subsequently change as leases are assigned.

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  • leasehold — An asset providing the right to use property under a lease agreement. Bloomberg Financial Dictionary * * * leasehold lease‧hold [ˈliːshəʊld ǁ hoʊld] adjective LAW PROPERTY leasehold land, buildings etc can be used by someone for as long as is… …   Financial and business terms

  • leasehold — lease·hold / lēs ˌhōld/ n: a tenure of real property held by a lessee under a lease: a lessee s estate in the property; also: the property so held compare fee, freehold Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • leasehold estate — ➔ estate * * * leasehold estate UK US noun [C] LAW, PROPERTY ► a situation in which a building, piece of land, etc. is used for a particular period of time, as agreed in a lease: »A leasehold estate is an interest in land for a definite period of …   Financial and business terms

  • leasehold estate — England, Wales An estate in land which provides the holder of the estate with rights of possession and use of the land but not ownership. The freehold is retained by the freeholder who grants the lease (also referred to as a tenancy) as the… …   Law dictionary

  • Leasehold — is a form of 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 and differs from a tenancy where a… …   Wikipedia

  • leasehold property — ➔ property * * * leasehold property UK US noun [C] LAW, PROPERTY ► a building, piece of land, etc. that is used for a particular period of time as agreed in a lease …   Financial and business terms

  • Land reform — Land reforms (also agrarian reform, though that can have a broader meaning) is an often controversial alteration in the societal arrangements whereby government administers possession and use of land. Land reform may consist of a government… …   Wikipedia

  • Land tenure — is the name given, particularly in common law systems, to the legal regime in which land is owned by an individual, who is said to hold the land (the French verb tenir means to hold ; tenant is the present participle of tenir ). The sovereign… …   Wikipedia

  • land — n 1: an area of the earth usu. inclusive of improvements, bodies of water, and natural or man made objects and extending indefinitely upward and downward compare air right 2: an estate, interest, or right in land land means both surface and… …   Law dictionary

  • Leasehold — Lease hold , n. A tenure by lease; specifically, land held as personalty under a lease for years. [1913 Webster] …   The Collaborative International Dictionary of English

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