leasehold estate

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leasehold estate

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

References in classic literature ?
"In all these cases, there are established usages which make everything plain and easy between landlord and tenant. Your interest, Sir Walter, is in pretty safe hands.
Zamechansky represented both the landlord and tenant.
"Each state has laws that cover how an eviction must be handled, and a violation of these laws can result in legal actions against the landlord." Individual state laws regarding the landlord-tenant relationship are governed by the Uniform Residential Landlord and Tenant Act.
Proto-industrializarion and the fragmentation of holdings which it promoted presented new occasions for personalistic ties between landlord and tenant. Ironically, the persistence of the archaic rundale system of joint tenure and communal decision-making in many Catholic areas might also contribute to the extension of tenant right.
A graduated rent payment schedule still achieves the desired benefits for both the landlord and tenant. It defers income for the landlord and provides improved cashflow in the beginning of the lease term for the tenant.
Indeed, one could say that the landlord and tenant were both owners - the first of the freehold and the second of the lease.(20) The landlord had the right to the rent and to the legal title to take back the land after the lease expired.
But what if you're straddling that fence as both landlord and tenant? It's a much more common occurrence these days as more and more professionals relocate.
It is the landlord's responsibility to stay current with tenant needs and concerns, to modify their buildings with available enhancements that work for both the landlord and tenant. And ultimately, the relationship between landlord and tenant provides cooperative working relationships that result in satisfied tenants that stay committed to their space for the long-term.
Under the current law, there are no substantive issues that need to be negotiated between the landlord and tenant.
Leases usually contain an "audit clause," theoretically designed to protect both landlord and tenant from escalation charges.
Instead, the mayoral-appointed group of landlord and tenant representatives opted to announce a range of increases, from three to 7.5 percent.
Landlord and tenant advocacy groups are getting prepared to do battle over the Rent Guidelines Board annual debate over rent hikes over the city's one million rent-stabilized apartments.