Definitions for "LEASEHOLD ESTATE"
The estate of a tenant under a lease. (See Estate for Years.) Back to the Top
The lessee's right to possess and use real estate during the term of a lease. This is generally considered a personal property interest.
The estate in real property of a lessee, created by a lease. It generally refers to an estate whose duration is fixed but may also be used to describe a tenancy at will, periodic tenancy, etc.
An interest in land for a specified period of time.
An interest in a property for a period of time as specified under a rental contract.