leasehold

[ lees-hohld ]

noun

1. property acquired under a lease.
2. a tenure under a lease.

adjective

1. held hold by lease.

leasehold

/ ˈliːsˌhəʊld /

noun

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

Word History and Origins

Origin of leasehold¹

First recorded in 1710–20; lease ¹ + hold ¹

Example Sentences

The government plans further reforms to leasehold laws building on changes introduced by the Conservatives.

From BBC

When leasehold flats or houses were first sold, a lease was granted for a fixed period of time, typically between 99 and 125 years - but sometimes up to 999 years.

From BBC

At an event in Manchester, leader George Galloway said his party favoured an expansion in council housing and the transformation of the leasehold system.

From BBC

The flat Richard paid £300,000 for in 2016 is leasehold – which means he doesn’t own the physical flat - but a lease allowing him to own it for a specified number of years.

From BBC

Labour's shadow housing minister Matthew Pennycock said his party would “finish the job of finally bringing the archaic and iniquitous leasehold system to an end”.

From BBC