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English definition of “leasehold”

leasehold

noun [C or U]
 
 
/ˈliːshəʊld/ US   /-hoʊld/ LAW, PROPERTY
the right to live in or use a building, piece of land, etc. for a particular period of time as agreed in a lease: He has bought the long leasehold on a 100,000 square foot listed building.buy/hold/sell the leasehold The company sold the leasehold of the site for £340,000 last month. → Compare freehold noun
(Definition of leasehold noun from the Cambridge Business English Dictionary © Cambridge University Press)
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