leasehold estate

(redirected from Landlord and tenant)
Also found in: Legal.

leasehold estate

The interest a tenant has to possess and use property by virtue of a lease.

References in periodicals archive ?
Herko, Lorenzo, and Scotto represented both the landlord and tenant.
In fifteen cases the landlord and tenant shared the same last name and were therefore likely relatives.
To further establish the relationship between landlord and tenant, a savvy corporate real estate executive should expect its landlord to present proactive opportunities to discuss current and future needs.
Insignia/ESG was also ranked number one for landlord and tenant representation of office properties.
Goldstein represented the landlord and tenant in both transactions.
The subtenant must also recognize that the prime lease imposes a series of obligations on the landlord and tenant, most of which have already accrued and are continuing in nature.
A property manager has an obligation to both landlord and tenant to implement an escalation program in a reasonable and accurate fashion.
It will be necessary over the next decade to possess: Strong negotiating skills; the ability to grasp and react to market changes quickly; creative and analytical thought processes; the ability to structure complex transactions with proven ability to persuade; expertise in lease negotiations; and analysis skills from both the landlord and tenant perspectives.
Practically speaking, the landlord and tenant each try to negotiate the best deal from both a business and tax perspective.
A transaction that may not have seemed possible at the start has been successfully completed, and both the landlord and tenant have achieved their goals.
In consequence of which" tenant was "justified" in vacating (and in fact did vacate the premises), see Rasch, New York Landlord and Tenant (3d ed.
Clearly, this requirement of disclosure may have application to other objectionable, albeit legal, uses between a landlord and tenant.