Leasehold

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Leasehold

An asset providing the right to use property under a lease agreement.

Leasehold

The accounting status of assets under operating leases. An operating lease gives the lessee fewer rights to use the assets than a capital lease would; expenses on leaseholds are considered rental expenses. See also: Freehold.

leasehold

A name given to the tenant's rights in real estate after signing a lease.The leasehold estate is classified as a less-than-freehold estate.

References in periodicals archive ?
The CMA said that, while service charges leaseholders pay can "vary widely", they come to just over PS1,100 a year on average.
Nevertheless, it is common practice for the leaseholders to get together to solve any problems between them.
Ismael, however, says that the majority of the leaseholders have not registered with them and he expects that the actual total number is about 50,000 in Erbil and 200,000 across the whole Region.
Those officials also have broad authority on their own initiative to prohibit access, require a leaseholder to permit access, or set access conditions.
Punch Taverns' recruitment and training manager John York says: "There is no ideal background for a leaseholder.
To ensure that the correct person or business is billed, we have already written to the people we had registered as the owner or leaseholder of the affected properties.
They will be tenants or leaseholder's tenants or leaseholders of a housing association or local authority and will work with the commission's housing team when it inspects local authorities, housing associations, arms-length management organisations (ALMOs) and Supporting People arrangements.
We are thrilled that CB Richard Ellis will be spearheading the leasing efforts for 7 World Trade Center and are confident that all of New York City's real estate brokerage and tenant rep firms will cooperate with the team of CB Richard Ellis to lease 7 World Trade Center as quickly as possible," said Larry Silverstein, president of Silverstein Properties and the leaseholder to the entire World Trade Center site.
A City Forum, Area Forums and a Leaseholder Forum will also be launched, alongside information about training courses.
The World Trade Center's leaseholder has opened another front in the legal battle over property claims stemming from the Sept.