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 ?
A spokesman for E&J said: "These works are essential and urgent but we absolutely recognise the significant cost to leaseholders.
He formally supported a new bill that would introduce a maximum charge for leaseholders to purchase the freehold, end unfair practice in which leaseholders pay the legal costs of freeholders in tribunal cases, and establish a compensation scheme for cases where leaseholders were misled by property developers.
Today we are showing our determination to give power back to consumers so they have the service they expect and deserve, as part of my drive to deliver transparency and fairness for the growing number of renters and leaseholders.
In the 1990s, those leaseholders upset with a major rent increase at that time took the band to court, spending more than $ 1 million in the legal battle.
As many residents wish to discuss financial matters in the privacy of their own home, we now write to all leaseholders giving a full explanation of their service charges and offer to meet with them.
Nevertheless, it is common practice for the leaseholders to get together to solve any problems between them.
The only thing that Hussein has inherited from her husband is his Leaseholders, Rights Protection Union membership card, and she is now living in a leased house in a very bad condition in the Dirkawa/Hawkari Quarter southeast of Erbil.
Warden said 15 percent of the space in the shopping center is vacant and will be offered to local leaseholders.
Review the lease agreement thoroughly with leaseholders when they move-in.
Engage brings together leaseholders and residents from waterfront and city centre apartments under one umbrella to discuss and share issues affecting them, agree solutions and take action.
But it is not just a one-way street, leaseholders have to do their bit to achieve this enjoyment.