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Tenant
(redirected from Leasehold estate)

   Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.05 sec.
Tenant
A partial owner of a security, or the holder of some property. See: Lessee.


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A stipulation that the lessee may encumber its leasehold estate (use it for collateral when obtaining financing) without having to obtain the landlord's consent.
During this 15-day period, JHP completed its due diligence and processed loan documentation that created a fee and leasehold estate.
InterGen eventually defaulted on the loan, and a Chase affiliate took title to the collateral - the 811 building's leasehold estate - in a "non-judicial" foreclosure action.
 
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