an estate in real property held by a lessee/tenant under a lease

an interest in real property that is held only for a limited period of time, as specified in the lease agreement

a way of holding title to a property where an individual does not actually own the property but is merely occupying it under a long-term lease

Legal Description Lessee

This arrangement allows the borrower to possess a property on a long-term lease but the borrower does not own the specific piece of property.

A long-term agreement that allows a tenant property rights under the provision of a lease.

A kind of real estate ownership through which the property owner doesn’t hold title to the property, but instead has use of the property subject to the terms of the lease.

The interest held by the lessee (the tenant or renter) through a lease conveying the rights of use and occupancy for a stated term under certain conditions.

A tenant's interest in or right to hold possession of a property.

A tenant's right to occupy real estate during the term of a lease; a personal property interest.

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. When the lease expires, all rights revert back to the owner. The lease term should be at least 5 years longer than the term of the mortgage.

The right to use and occupy real estate for a stated term and under certain conditions: conveyed by a lease.

A type of property ''ownership'' where the buyer actually has a long-term lease on the property.

An arrangement in which the borrower does not own a specific piece of property but possesses a long-term lease.

An estate for a fixed length of time, established when a landlord gives up possession of real estate to a tenant, giving the tenant an equitable interest in the property, as defined by lease terms.

An interest in real property held by virtue of a lease.

Extent of ownership of real property where the borrower does not actually own the property, but rather has a recorded long-term lease on the property.

Tenant's right of possession for a specific period of time under a lease agreement.

A kind of real estate ownership where the lessor does not hold title to the property but has use of the property subject to the terms of the lease.

A way of holding title to a property wherein the mortgage does not actually own the property, but instead has a long-term recorded lease on it.

A form of real estate in which a tenant is allowed to construct permanent structures upon a parcel of leased land, and derive some use or income from said structures during the period of the lease. Leasehold estates usually involve long-term leases, ranging from 20 to 99 years. Land owners are able to have their property developed, with no out of pocket expenses. Instead of having to sell their land too soon, they retain their family's rights to the land, while receiving a steady income stream. The tenant saves the initial land acquisition costs and may gain access to property that would be otherwise unavailable. The downside is, as the lease nears the end or its term, the tenant's investment becomes uncertain, and the landlord is in a position to make demands for compensation, above the fair market price. Leaseholds are much more common in commercial real estate, but can apply to some residential properties as well. Hawaii has many leasehold condominium projects, and even Houston has at least one mid-rise condominium building that lacks ownership of the land it occupies.

A tenancy in real property held under a lease arrangement for a definite number of years; non-freehold.

The tenant's right to title to a property for a specific period of time whereby the tenant does not actually own the property but has a long-term lease on it

Also known as a less-than-freehold estate; it is the property interest that a person holds who leases. It is considered personal property.

A tenantâ€(tm)s right to use a property for a fixed period.

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. ease-purchase mortgage loan An alternative financing option that allows low- and moderate-income home buyers to lease a home from a nonprofit organization with an option to buy. Each month's rent payment consists of principal, interest, taxes and insurance (PITI) payments on the first mortgage plus an extra amount that is earmarked for deposit to a savings account in which money for a downpayment will accumulate.

Possession and use of a property estate by virtue of a lease. There are four types of leasehold estates: estate for years, periodic tenancy, tenancy at will, and tenant at sufferance.