Leasehold Estate
/ˈliːsˌhoʊld ɪsˈteɪt/
Definitions
- (n.) A tenant's interest in real property held for a fixed term or at will under a lease agreement.
The tenant's leasehold estate lasted for five years, as stipulated in the contract.
Forms
- leasehold estate
- leasehold estates
Related terms
See also
Commentary
A leasehold estate grants possession but not ownership; clarity in term length and rights is crucial in drafting lease agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.