Solicitors & Lawyers
Legal Definitions
Term: leasehold
1.
Legal rights may be held over land by way of leasehold or freehold estate. Leasehold rights are granted for a fixed number of years and is an absolute grant for a ’term of years’. Rent is ordinarily payable and payment is conditional upon the continuation of the lease.
Usage: The leasehold interest in the land was granted for a term of ten years.
Related Words: real property; freehold; easements; corporeal hereditaments; incorporeal hereditaments; lessee; leasor.
Financial Services – In Brief - Property & Wills - August 2005
Leases – Briefing Note - Invoking a Rent Review on a Commercial or Residential Tenancy
Leases – In Brief - July 2005
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