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English definition of “leasehold”

leasehold

noun [C or U] uk   /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.
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Renting propertyMortgages and real estateRenting, hiring and hire purchase in general Mortgages and real estateRenting, hiring and hire purchase in general Renting property
leasehold
adjective uk   us  
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 from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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