Property that is the subject of a lease (a written rental agreement for an extended period of time).
A tenure by a lease; an agreement that the tenant may enjoy possession for a specified period of time; sometimes called a term of years. The leaseholder may be designated as lessee, or termor. (Hogue, Arthur R. Origins of the Common Law, 256)
The right to occupy a property. Similar to purchase but without ownership of the land
Term meaning ownership on property rather than tenancy.
An asset providing the right to use property under a lease agreement.
Asset representing the right to use property under a lease.
A term of years is granted giving you a fixed period for which you own the property. Most flats are leasehold, ground rent is usually payable to the landlord/ Freeholder.
A leasehold is like the freehold title in that it is exclusive and enforceable and can be transferable and divisible, but it is of limited duration. Hartwick, John M., and Nancy D. Olewiler. "The Economics of Natural Resource Use," page 8. Harper and Row Publishers, New York, 1986.
The ownership, usually of a flat, for a fixed period.
You own part of the property, but not the land its built on.
the estate or interest a tenant has, as outlined in a lease.
Created when the owner of a property (lessor), grants the tenant (lessee), the right to a parcel of land for a period of time. The tenant is granted possession of the property for a specified period of time and in return pays a stated rental fee. Typical leasehold properties have a lease term of 99 years and the remaining term of the lease must exceed the remaining term of any lien on the actual structure built on it.
If a property has a tenure which is Leasehold then the land is not owned by the property purchaser, and is only leased to them for a certain fixed period.
The right to possession of a property for an agreed period of time under the terms of a lease. Ultimate ownership of the property remains with the freeholder.
Denotes that ownership of a property is by way of a lease.
A leaseholder holds the title to "land" or "property" only for a finite term i.e. the length of the lease upon payment of a consideration e.g. rent.
The right to the use of real estate by virtue of a lease, usually for a specified term of years, for which consideration is paid.
estate: A way of holding title to a property wherein the mortgagor does not actually own the property but rather has a recorded long-term lease on it.
A right to occupy land or buildings under a long-term rental contract.
This means you own a property for a set number of years. When the lease expires, the property returns to the freeholder. Flats are commonly sold as leasehold.
This is when you own the property for a set number of years, after which it goes back to the freeholder. Sometimes the lease is for a very long period, such as 999 years. Often, 99 years is the leashold period. Most flats are on leasehold, and although lenders will lend on leasehold properties, they will demand that there is a number of years left on the lease before making a loan.
The Freehold owner of property or land allows that property or land to be leased by a tenant for a fixed period of time.
The right to hold or use a property for a fixed period of time.
A type of ownership whereby the person(s) own the property but not the land it stands on. The land will typically be leased to the owner for a certain period of time and they may be required to pay some form of rent.
land or property held under a lease
a less than freehold estate involving the transfer of the exclusive right to possession
an estate in land with an ascertainable period of possession
an interest in property held under a lease
Where the ownership of property is for a limited period only. For example 99 years or 999 years. It will normally involve payment of an annual ground rent
The property is not owned directly by the property purchaser and is held under a lease for a fixed period. As a leaseholder you have the right to live there for a specified length of time, and should pay rent and service charges to the landowner.
Occupation of the land under a lease whereby the land owner charges a rental on the land and the occupant (or lessee) obtains the right to occupy the land for a specified term at a specified rent. Any improvements on the land, i.e. building of a house or additions, legally belong to the occupant but the ownership is subject to the terms of the lease.
Leasehold generally occurs when your house or flat is on a shared piece of land. It will be for a set period of years. Your property after this period reverts back to the freeholder of the land.
Real estate rented from the owner for a period of time, usually long-term. Holders of leases can then rent them out for shorter-term tenancy.
The township developer or local authority owns the property but grants leasehold rights.
The legal right of holding title to property as specified in a lease. The lessee has a long-term lease on the property and does not own it.
This is where you own the lease of the property for a number of years and then it reverts to the freeholder. Flats are normally leasehold and lenders usually require a lease of at least 50 years
Ownership of land for a specified period of time.
An estate in real property limited as to time, obtained and held with the consent of and by the payment of a consideration to the owner.
The right to occupy premises as set forth in a lease.
The interests in a property that are associated with the lessee as opposed to the lessor.
An agreement which gives you the right to use and occupy property for a fixed period of time. You do not own the property.
A name for the rights granted to the lessee by the lessor by a lease.
An estate for a term of years not exceeding ninety nine and upon the expiry of which the property automatically reverts back to the State Authority.
If you buy a lease holding, you own the property for a set number of years, after which the freeholder owns the property. Most flats in England are leasehold. Legislation has recently been brought in to enable leaseholders to club together to buy the freehold.
Owning the right to live in a property for a set amount of years.
Leasehold is when a property is owned for a set number of years, after which it then goes back to the freeholder. The majority of flats in England are leasehold and most lenders will lend money on leasehold properties, but will insist that there are a number of years left on the lease before agreeing the loan.
A lease ownership or Right-To-Use ownership that grants the lessee the right to use the property for a specified period of time (from 20 to 99 years). A resort developer or management company owns the property. Leasehold properties are found in locations such as Hawaii and Mexico.
The limited tenure by which a tenant only has rights to property for a limited period of time, as opposed to freehold.
This is the right to occupy a property for a given period of time, under the terms of a lease.
There are some states and some countries do not allow deeded ownership of timeshares. Therefore, a lease ownership or Right-To-Use (RTU) ownership grants the leasor the right to use the property for a specified period of time.This ca be anywhere from 20 to 99 years. Ownership of the actual property is held by the resort developer company or management company. Most properties in Hawaii and Mexico are leasehold properties.
lands held under a lease for years.
The interest in land of a person who owns a lease granted by a freeholder.
This means that you own the property for a limited time period, after which it reverts back to the Freeholder. Most lenders will lend on leasehold properties, provided that the number of years remaining on the contract is above a certain minimum, typically between 25 and 50 years.
Some states and some foreign countries do not allow deeded ownership of timeshares. Alternatively, a lease ownership or right-to-use (RTU) ownership grants the leasor the right to use the property for a specified period of time; usually from 20 to 99 years. Ownership of the physical property is held by the resort developer or management company. Most properties in Hawaii, for instance, are leasehold properties. The same is true in Mexico.
To be given ownership of a property but not the land it is built on. This normally requires payment of ground rent to the landlord.
Some properties, particularly flats and apartments, will usually be leasehold as opposed to freehold. A leasehold is where the property is held under a lease with a head landlord who will own the freehold. The lease will be for a definite term of years and a rent may be payable to the landlord. Sometimes, a service charge will also be payable in respect of the maintenance and upkeep of the common parts of the building.
A form of property ownership, where the property is leased by the owner to a leaseholder or tenant for a fixed number of years.
land let out in a way which was not restricted or governed by the custom of the manor
Land Registry Fees | LTV | Loan Security
A form of property tenure where one party buys the right to occupy land or a building for a given length of time.
The right to possession and use of land for a fixed period of time. The lease is the agreement which creates the right. The person who has the leasehold is the tenant or lessee. The person who grants the leasehold is the lessor or landlord.
A Leaseholder has the right to occupy land (or buildings) for a specified period of time.
The right to live on a property, like a house, as a tenant. You are an occupant of the property however you do not hold the title to the property. The leasehold is personal property and will be for a set period of time.
If you buy leasehold, you only own the property itself for an agreed period of time - not the land on which it is built. An example of this might be a 99-year-lease on a flat where you pay an annual rent (called the "ground rent") to the owner of the freehold of the building which contains your flat. At the end of the 99 years the property reverts to the "freeholder" of the building. The value of your flat will decrease as the lease gets shorter.
This is when you own the property for a set number of years, after which it goes back to the freeholder. Most flats in England are leasehold, and although most lenders will lend on leasehold properties, they will demand that there is a number of years left on the lease before making a loan (this could be 60 years, but will depend on the lender).
Leasehold means that someone else owns the land the building is on and so you are only buying the right to live in the property for a certain length of time.
If you buy a property that is leasehold it means that you own the property but not the land the property is on.
Land ownership restricted to a number of years and with conditions written in a lease.
The interest or estate that a lessee of real estate holds under the provisions of a lease.
A Leaseholder holds the title to land/property for a predetermined amount of time.
Land held under a lease for a fixed number of years. This is a fixed period contract giving the owner to occupy a property.
Ownership of land (normally for a fixed period) subject to an annual payment of a ground rent to the owner of the freehold. Usually a leasehold property is a flat or maisonette, although in some areas conventional houses and bungalows of a leasehold tenure exist.
You rent the land (here's a more detailed explanation)
If a property is described as leasehold rather than freehold, then you will not own the property outright, although as a leaseholder you will have the right to live there for a specified time in return for rent and any service charges payable to the landowner or landlord.
A lease estate in realty; a non-freehold interest.
A contract by which a freeholder of a property allows someone else to stay there under certain conditions, and for a given length of time. (Almost all flats are leasehold).
Interest in an estate that entitles a person to possession, but not ownership, of the land.
The interests of the tenant. The terms of the lease may differ from the market over time.
Property and/or land held, subject to the terms of a contract, for a specified period of time (see Freehold, Copyhold)
When you buy a leasehold property essentially you are buying nothing more than the right to occupy a building for a given length of time. You will have to pay ground rent and maintenance in addition to a one-off payment that buys ownership of the lease until it is sold or runs out. The amount of alterations you can make to the property varies accordance with the lease and you may well have other conditions imposed upon you by the landlord.
When you own a property for a defined number of years, after which the property returns to the freeholder.
The legal word for the ownership of a lease. It usually refers to a flat but also includes leases on commercial properties such as shops and offices. The term of a lease can vary from six months to 999 years.
If you buy a leasehold property, you own the property for a set number of years but not the land on which the property is built, as opposed to freehold where you own both the property and the land indefinitely.
the leasing of a property from the owner, even though this may be a lease for a lifetime or for a long period like 99 years
An interest in land for a fixed period.
An asset that gives the Postal Service the right to use property under a lease.
An interest in an estate held by a tenant who possesses certain rights of occupancy and use by virtue of renting the real property, even though the tenant does not hold title to the property.
Tenure by contract for a certain time; property so held. [D02951] PMDT
A property where you own the building but not the land on which it is built.
The limited interest in a property help by a tenant; primarily the right to inhabit it for a specified period of time. At the end of the lease, the property reverts to the owner or landlord.
You buy the right to own the home and lease the land for a certain time. You pay rent to the landlord for the land. You can sell the lease if you want to move on. There may be restrictions on your use of the property.
The right to possession, but not ownership, of a property for an agreed period of time. Ultimate ownership remains with the freeholder.
If your property is leasehold, ownership of the property reverts to the Freeholder at a set date. Many houses were originally sold on 999 year leases which means that 999 years after the initial date of the Leasehold, ownership of the property reverts to the Freeholder. Building in multiple occupation such as apartments, are always sold on a leasehold and usually have a much shorter leasehold period - 100 and 125 years is quite common. Often, with a block of apartments, the apartment owners individually own the leaseholds whilst a management company, in which they hold shares, owns the freehold. These days, however, leaseholders who live in the property have the legal right to buy their freehold under terms laid down by UK law.
property that is sold with a lease
The ownership of the property is by way of a lease for a specified period of time.
A property that is rented for a fixed term.
Temporary ownership of the property but not the land on which it stands. When the lease expires ownership of the land reverts back to who ever owns the freehold.
The buyer of a Leasehold property owns the property for a set number of years, but doesn't own the land on which it stands. See also Freehold.
A title which has a maximum validity of 99 years from the date of issue.
This is when you own the property for a set number of years. Ownership of the property is for a fixed number of years granted by lease. This does not apply to the land it is built on.
The occupier owns the right to reside in a property for a fixed term but does not own the land on which it stands
Ownership of the property lasts for a specified period, determined by the details of the lease, but usually 99 years. Once the lease expires, ownership of the property reverts to the leaseholder. The property can be sold while the lease is still running but the value of the property will fall as the lease expiry date nears.
In the case of leasehold properties, for example some flats, the buyer purchases a lease which guarantees the right to occupy the property for a set period, rather than buying the actual bricks and mortar. Leases can be varying lengths, but new leases are typically for 99 or 999 years.
A HOUSE OWNED BY YOU WHERE GROUND RENT IS PAID TO SOMEONE WHO OWNS THE LAND.
In English law, this describes land and property held under lease for a specified number of years. In some cases, this can be bought by the Leaseholders, making the property Freehold.
This is where you own the property but not the land it stands on. With a leasehold property you pay a monthly rental payment to the person or company who owns the land, known as "ground rent".
Ownership of a property, usually flat or maisonnette, under a lease for a fixed number of years.
A holding of land for a term of years or for a periodic term, including under grants from the Crown.
A right to exclusive possession of land for a fixed term of years where the Freehold is owned by another person.
Real property held under a lease.
The right to use and have exclusive possession (but not ownership) of real estate for a specified period and subject to the fulfillment of certain conditions as recorded in a lease agreement.
The second current tenure of land recognised by English law. This is over a term of years and not forever. There will be a landlord who will own the freehold. This usually relates to a flat or apartment.
A person has use of the property for a limited time. This person can rent the building or own the building and rent the land on which the building sits.
the "term of years absolute" is the only legal estate in land other than freehold and is the form of tenure by which many residential flats are owned in Britain - they are held from a landlord to a tenant under a lease for a specific term of years at a premium and with a ground rent payable.
Ownership of land (normally for a fixed period - 99 years 999 years etc) subject to an annual payment of a ground rent to the owner of the freehold.
The right to possess a property without ownership for a specified period of time, under the terms of a "lease".
Both the lessee's and lessor's respective interest pursuant to a lease.
a block of flats or converted house will usually be owned by a freeholder. Instead of buying the part of the building that makes up the flat you will by the leasehold, that is the right to live in the property for a number of years. When the lease is first granted the term will usually be at least 99 years, however when you buy the flat there may be fewer years left on the lease. Lenders are usually very strict about how many years are left on the lease when they make a mortgage offer.
The interest or estate on which a lessee (tenant) of real estate has a lease.
A form of land tenure where a person has rights over a piece of land for a specific period, known as the lease term. Leases can be extended if necessary, and leaseholders have the right to buy the freehold if the lease is over 21 years in length.
A mortgage taken out on a leasehold property means that you are buying a property for an agreed period of time, but not the land the property is built on. A leasehold period normally ranges from 99 years, but can be for as long as 999 years for commercial property. At the end of the lease the property reverts back to the landowner, unless the leasehold is renewed. The value of a leasehold property can fall significantly as the end of the leasehold approaches. Leasehold rules in Scotland are applied differently.
Ownership of a property but not the land on which it stands. When the lease expires, ownership of the property then reverts to the freeholder
The interest which a lessee has in realty.
The estate or interest a tenant has as stated in the tenant's lease.
If you buy a leasehold property you don't own the property rather the right to live there for a specified period of time, however much time remains on the lease. The owner of the property is called the freeholder or landlord.
Ownership of property for a fixed term granted by lease. The lease sets out details of rents and obligations such as repairs etc. In contrast to Freehold where ownership is absolute.
A tenant’s right to occupy real estate during the term of the lease. This is a personal property interest.
Ownership of property for a fixed number of years controlled by a lease which includes the power for the landlord to collect ground rent.
The estate for years created by a lease.
A type of land tenure by which a person has rights over the land for a specific period of time. The Leasehold Reform, Housing and Urban Development Act 1993 states that leases of over 21 years can either be extended or the freehold can be purchased.
A less-than-freehold estate which a tenant possesses in real property.
Property INTEREST a LESSEE owns in the leased property.
Estate in realty held under a lease for a fixed term of years.
Held for a maximum term of 99 years which, upon expiry, reverts to the State Authority.
The land on which the property is built is not owned directly by the property purchaser and is held under a lease for a fixed period.
the right to use real estate for a certain time as set out in an agreement
An agreement which gives a person the right to use and occupy property.
The interest or estate which a lessee has in real property by virtue of his lease.
Arrangement between a landlord and tenant where the landlord agrees for the tenant to lease the property for a fixed period of time.
Agreement between the lessee and lessor specifying the lessee's rights to use the leased property for a given time at a specified rental payment.
Leasehold is a form of land tenure whereby a person has rights over a piece of land for a specific period. Most residential leases have long terms, and those with leases of over 21 years can legally buy out the freehold or extend the lease under the provisions of the Leasehold Reform, Housing and Urban Development Act 1993.