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 ?
NYSE: UCL) to purchase for $225 million several of Unocal's key geothermal assets, including all of its geothermal interests in the Imperial Valley of California, its Long Valley geothermal leases in Mammoth California and its considerable leasehold acreage in Nevada.
We have been marketing these leasehold interests for approximately two months.
Avalon") (OTC Bulletin Board: AOGN) is pleased to announce that it has entered into a letter agreement to acquire an undivided one hundred percent (100%) working interest in a 320-acre leasehold in Vernon County, Missouri.
OWNERS of flats and maisonettes whose leasehold is due to expire within the next 50 or 60 years should apply to have it extended while property prices remain low, according to a Stratford property expert.
They are concerned the "lack of regulation disproportionately hurts the most vulnerable, with 37% of leaseholders not in employment" and claim an independent regulator could cost as little as pounds 2 a year per managed leasehold property.
Shorter-term tenancies will still be available, offering a three-year standard term, but the new leasehold agreements have a standard term of up to 20 years.
As a result of its review, Luby's will begin to utilize straight-line accounting for its leases and align the useful lives of its leaseholds with the terms of related leases.
operates seven geothermal power plants in Southern California on geothermal leasehold and fee interests held by the company, and holds additional geothermal leasehold interests in other parts of California and Nevada.
The leaseholds, which include more than 480,000 square feet of leaseable space, are among those occupied by the 84-store Ernst Chain that declared Chapter 11 bankruptcy in 1997, and later was acquired through bankruptcy proceedings by Alamo.
95 million Non-Cash Provision Taken against certain Leasehold Interests
Instead, the sub-lessor held a leasehold interest, granted by United, that expired at the end of the leaseback period while the ownership of the facility reverted to the airport sponsor as lessor.
This protection and these rights is a further part of the Commonhold and Leasehold Reform Act 2002 which originally received Royal Assent back in 2002.