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 ?
He believed about 70% of the leaseholders had mortgages.
"We have regular dialogue with leaseholders, and other relevant stakeholders in this regard, the contents of which are commercially sensitive and confidential.
When contacted, NHA spokesman retired Capt Mushtaq Ahmad said if the CDA land had been encroached upon by NHA leaseholders, the civic agency should conduct an operation to get the land retrieved.
Another tactic for leaseholders is to pursue collective action with their neighbours to try to get the best deals in terms of lease extensions, service charges, major works, and unreasonable permission fees.
When considering the premium payable, too often leaseholders contact freeholders and their managing agents without additionally taking professional advice.
LGA chairman Lord Porter, said: "This announcement will come as an enormous relief to leaseholders who are in no way to blame for the dangerous cladding on their homes.
But the committee said "nearidentical" stories from leaseholders indicate significant failings in the process.
Due to the age of the building, the 10-year warranty has expired and the buildings insurance does not cover these works." A spokesman for HomeGround, the freeholder of Skyline 1, said: "HomeGround is very conscious that the cost of these works to owner occupiers who are leaseholders living in their own flats may present a financial burden; and it is for this reason that Rendall and Rittner have been given flexibility to offer payment plans to such leaseholders should they be facing difficulty in paying.
This deprives the traditional fisher communities from their right to fish freely, forcing them instead to sell their catch to the leaseholders at paltry rates.
Minister of Environment, Natural Resource Conservation and Tourism Mr Tshekedi Khama said only the owners or leaseholders of an approved and registered game ranch were allowed to undertake culling/cropping operations.