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English definition of “leasehold”

leasehold

noun [C or U]     /ˈliːs.həʊld/ US  /-hoʊld/
the legal right to live in or use a building or piece of land for an agreed period of time: His family held the leasehold/had the property on leasehold. → Compare freeholdRenting propertyMortgages and real estateRenting, hiring and hire purchase in general Mortgages and real estateRenting, hiring and hire purchase in general Renting property leasehold     adjective leasehold offices and shopsRenting propertyMortgages and real estateRenting, hiring and hire purchase in general Mortgages and real estateRenting, hiring and hire purchase in general Renting property
(Definition of leasehold noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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