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English definition of “leaseholder”

leaseholder

noun [C]     /ˈliːshəʊldər/ LAW, PROPERTY
a person, company, etc. that pays the owner of a building, piece of land, etc. for the right to live in or use it: If the property is not being managed properly, leaseholders can ask the court for a different managing agent. → Compare freeholder
(Definition of leaseholder noun from the Cambridge Business English Dictionary © Cambridge University Press)
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